NISM X Taxmanns Securities Operations and Risk Management Comprehensive | Regulationaligned Foundation on Market Operations

Securities Operations And Risk Management (Sorm) Is Designed To Establish A Common Minimum Knowledge Benchmark For Associated Persons Of Stockbrokers, Trading Members, And Clearing Members. These Associated Persons Are Those Who Handle Client Assets Or Funds, Deal With Investor Grievances, Work In Internal Control Or Risk Management, Or Perform Any Activity Having A Bearing On Operational Risk In The Securities Market. Anchored In SebiS Regulatory Framework, The Workbook Explains How IndiaS Securities Market Operates, How Trades Are Executed And Settled, How Risks Are Identified And Mitigated, And How Investor Interests Are Safeguarded. It Is Tightly Aligned With The Examination Objectives, Covering Understanding Of Products And Participants, The Regulatory Framework, The Trade Life Cycle, Broker Operations, Risk Management, Clearing & Settlement, And Grievance Redressal.This Book Is Intended For The Following Audience: Associated Persons Of Stockbrokers, Trading Members, And Clearing Members Responsible For:O Handling Client Funds And Securitieso Internal Controls, Compliance, And Operational Risko Managing Investor Grievances And Regulatory Reporting Operations, Risk Management & BackOffice Professionals Working In Broking Firms Compliance Officers & Surveillance Teams Seeking To Meet Regulatory Competency Requirements Students & Job Aspirants Looking To Establish A Strong Foundation In Securities Operations Professionals From Fintech, Depositories, Custodians & Market Intermediaries Wishing To Deepen Their Understanding Of Market Processes Candidates Preparing For The NismSeriesVii: Sorm Certification Examinationthe Present Publication Is The June 2025 Workbook Version, Developed In Collaboration With The Certification Team Of Nism In Coordination With Mr Sunil Gawde, Subject Matter Expert. It Is Published Exclusively By Taxmann, With The Following Noteworthy Features: [EndToEnd Coverage Of Broker Operations] From Client Onboarding And Kyc To Order Routing, Risk Management, Clearing & Settlement, RecordKeeping, And Compliance [MarketWide Context] Detailed Treatment Of The Money Market, Securities Market Segments, Products, And The Role Of Miis (Stock Exchanges, Clearing Corporations, Depositories) [RegulationHeavy Yet PractitionerFriendly] Integrates Sebi Act, Scra, Depositories Act, Companies Act, Pmla, Insider Trading And Pfutp Regulations, Kra Regulations, Aml Guidelines, And Sebi Circulars Into Operational Narratives [Current Market Infrastructure] Includes T+1 Rolling Settlement (Fully Implemented) And The Beta Version Of Optional T+0 Settlement, Interoperability Among Clearing Corporations, CyberSecurity And Irra Platform, And Upstreaming Of Client Funds [Risk Management Focus] Explains Var, Elm, Mtm, Delivery Margins, Liquid Assets, Base Minimum Capital, PreTrade Risk Controls, RiskReduction Mode, Stress Testing, Sgf, And Core Sgf Waterfall [InvestorCentric Approach] Covers Investor Grievance Redressal, Online Dispute Resolution, Scores, Arbitration, Investor Protection Fund, Gsm And Asm [Pedagogical Aids] Each Chapter Begins With Learning Objectives And Ends With Sample Questions For SelfAssessment, Reinforcing ExamOriented Learningthe Workbook Provides A Structured Deep Dive Into: Basics Of The Indian Securities Marketo Market Structureo Products Equities, Debt, Derivatives, And Moreo Market Participants And Their Respective Roles Regulatory Frameworko SebiS Functions And Oversighto Compliance Obligations For Intermediarieso Regulatory Reporting And Disclosures Trade Life Cycle (Tlc)O StepByStep Flow From Order Placement To Settlemento Participants Involved At Each Stage Brokerage Firm Operationso Front Office Order Execution, Client Interactiono Middle Office Risk Checks, Confirmationso Back Office RecordKeeping, Settlement, Reconciliations Clearing And Settlement Systemso Clearing Corporationso Roles Of Clearing Members And Custodianso Settlement Cycles, Margining, Fund/Securities Movement Risk Managemento Operational Risko Risk Containment Mechanismso Monitoring, Surveillance, And Controls Investor Grievance Redressalo Mechanisms For Complaint Handlingo Scores Platform Processo Arbitration And Dispute Resolution Frameworkpedagogically, The Workbook Is Built As A Complete Learning Pathway: Learning Objectives At The Start Of Each Chapter Clearly Enumerate What The Candidate Should Know After Completing The Chapter Conceptual Exposition, Regulatory Text & Market Practice Are Interwoven, So That Every Process (E.G., Client Onboarding, Margining, Or Aml Checks) Is Simultaneously Explained In What, How, And Under Which Regulation Terms Tables, Flow Diagrams & ExamplesSuch As Trade Life Cycle Schematics And Sample Order Book SnapshotsTranslate Abstract Rules Into Operational Steps Sample Questions At The End Of Each Chapter Mirror Exam Style And Force Reinforcement Of Key Concepts Syllabus Outline With Weightages (Chapter 1 To 8) Helps Ca