NISM Professor
NISM Series III-C

Securities Intermediaries Compliance (Fund)

The fund-side compliance exam — for compliance officers at mutual funds, AIFs and portfolio managers.

Exam pattern

Duration
120 min
Total marks
100
Pass mark
60% (60)
Negative marking
25%

There is negative marking of 25% of the marks for that question, so a wrong answer costs you 0.25 marks on a 1-mark question. Guess only when you can eliminate at least two options.

Syllabus and chapter weightage

Weightages are taken from the official syllabus table published in the NISM workbook, so you can see exactly where the marks are.

  1. 1Introduction to the Financial System5%
  2. 2Regulatory Framework - General View6%
  3. 3Introduction to Compliance4%
  4. 4SEBI Act 19927%
  5. 5SCRA 1956 and SCRR, 19574%
  6. 6SEBI Intermediaries Regulations 20086%
  7. 7SEBI (Prohibition of Insider Trading) Regulations, 20196%
  8. 8SEBI (Prohibition of Fraudulent and Unfair Trade Practices6%
  9. 9Prevention of Money Laundering Act, 20027%
  10. 10SEBI (KYC Registration Agency) Regulations, 20112%
  11. 11SEBI (Foreign Portfolio Investors) Regulations, 20193%
  12. 13SEBI Depositories Act, 19963%
  13. 14SEBI (Mutual Fund) Regulations, 199611%
  14. 15SEBI (AIF) Regulations, 201210%
  15. 16SEBI (InvIT) Regulations, 20148%
  16. 17SEBI (REITs) Regulation, 20148%

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Frequently asked questions

What is the passing mark for NISM Series III-C?
You need 60% to pass NISM-Series-III-C: Securities Intermediaries Compliance (Fund). On a 100-mark paper that is 60 marks.
Is there negative marking in NISM Series III-C?
There is negative marking of 25% of the marks for that question, so a wrong answer costs you 0.25 marks on a 1-mark question. Guess only when you can eliminate at least two options.
How long is the NISM Series III-C exam?
The exam runs for 120 minutes and carries 100 marks in total.
How long is the NISM Series III-C certificate valid?
NISM certifications are generally valid for 3 years from the date of passing, after which they must be renewed. Confirm the current position on nism.ac.in before your certificate lapses.