COMPLIANCE OFFICERS (BROKERS) MODULE

CURRICULUM

1. The Securities and Exchange Board of India Act, 1992 (MARKS – 10)
• Definitions
• Establishment of SEBI
• Powers and functions of the Boards
• Registration certificate
• Prohibition of manipulative devices, insider trading and substantial acquisition of
securities or control
• Finance, accounts and audit
• Penalties and adjudication
• Establishment, jurisdiction, authority and procedure of appellate tribunal
• Miscellaneous

2. The Securities Contract (Regulations) Act, 1956 (MARKS – 10)

3. The Securities Contracts (Regulation) Rules, 1957 (MARKS – 10)

• Definitions
• Contracts between members of recognized stock exchange
• SEBI nominees on the governing bodies of recognized stock exchange
• Obligation of the governing body to take disciplinary action against a member if
so directed by SEBI
• Audit of accounts of members
• Withdrawal of recognition
• Books of accounts and other documents to be maintained by every member of a
recognized stock exchange
• Manner of inquiry
• Submission of annual report, periodical returns
• Manner of publication of bye-laws
• Requirements with respect to the listing of securities on a recognized stock
exchange
• Requirements with respect to the listing of units or any other instrument of a
collective investment scheme on a recognized stock exchange

4. SEBI (Stock Brokers and Sub Brokers) Rules and Regulations, 1992
(MARKS – 10)
• Definitions
• Registration of stock-brokers
• Registration of sub-brokers
• Registration of trading and clearing members
• General obligations and responsibilities
• Procedure for inspection
• Procedure for action in case of default

5. NSE Rules, Regulations and Byelaws (MARKS – 10)

6. NSCCL Rules, Regulations and Byelaws (MARKS – 10)

7. Circulars (MARKS – 20)

• NSE circulars as enforced from time to time
• NSCCL circulars as enforced from time to time
• SEBI circulars in secondary market
• MOF circulars in secondary market

(Chapters 8-9 MARKS – 10)

8. SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to
Securities Market) Regulations, 2003

9. SEBI (Prohibition of Insider Trading) Regulations, 1992

(Chapters 10-13 MARKS – 10)

10. SEBI (Portfolio Managers) Regulations and Rules, 1993

11. SEBI (Underwriters) Regulations and Rules, 1993

12. SEBI(Ombudsman) Regulations, 2003

13. SEBI (Procedure for Holding Enquiry by Enquiry Officer and imposing
penalty) Regulations, 2002