Certificate Course on Compliance of Capital Market Intermediaries

About The Course

The Certificate Course on Compliance of Capital Market Intermediaries is meticulously designed to
enhance the knowledge and skills of Members, equipping them with an advanced understanding of the
regulatory frameworks governing capital market intermediaries. The dynamic nature of capital markets
necessitates a deep comprehension of the compliance landscape, which this course aims to provide. By
engaging with real-world case studies and practical scenarios, participants will gain a comprehensive
grasp of current statutes and develop the competencies needed to implement effective compliance
strategies.

The course is tailored to meet the needs of professionals aiming to specialize in the regulatory domain,
providing them with the expertise to navigate the complexities of capital market compliance confidently.
With a curriculum that blends theoretical knowledge with practical insights, the Course ensures that
participants are not only aware of the regulatory requirements but also adept at applying them in real-
world situations.

Course Overview

The course includes 20 specialized modules and 1 General Module, focusing on the compliance
requirements for various categories of capital market intermediaries. Each module provides an in-depth
exploration of the regulatory landscape, enabling participants to confidently navigate the complexities
of the capital markets.

Course Structure

Specialised Modules:

• SEBI (Investment Advisers) Regulations 2013

• SEBI (Foreign Portfolio Investors) Regulations 2019

• SEBI (Stockbroker) Regulations 1992

• SEBI (KYC Registration Agency) Regulations 2011

• SEBI (Alternative Investment Funds) Regulations 2012

• SEBI (Banker to an Issue) Regulations 1994

• SEBI (Credit Rating Agencies) Regulations 1999

• SEBI (Custodian) Regulations 1996

• SEBI (Debenture Trustee) Regulations 1993

• SEBI (Merchant Banker) Regulations 1992

• SEBI (Research Analyst) Regulations 2014

• SEBI (Mutual Funds) Regulations 1996

• SEBI (Portfolio Managers) Regulations 2020

• SEBI (Foreign Venture Capital Investor) Regulations 2000

• SEBI (Real Estate Investment Trusts) Regulations 2014

• SEBI (Infrastructure Investment Trusts) Regulations 2014

• SEBI (Depositories and Participants) Regulations 2018

• SEBI (Index Providers) Regulations 2024

• SEBI (Vault Managers) Regulations 2021

• SEBI (Registrars to an Issue and Share Transfer Agents) Regulations, 1993

To address common compliance requirements across all intermediaries, a General Module is included
as part of the Course. This module will be a self-study, non-testable component designed to cover
essential compliance principles applicable to all capital market intermediaries, covering the following
topics:

• Introduction to the Financial System

• Regulatory Framework – General Overview

• Introduction to Market Intermediaries Compliances

• The Securities and Exchange Board of India Act, 1992

• Securities Contacts (Regulation) Act, 1956

• Securities Contacts (Regulation) Rules, 1957

• Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015

• Securities and Exchange Board of India (Prohibition of Fraudulent and Unfair Trade Practices relating
to Securities Market) Regulations, 2003

• Prevention of Money Laundering Act, 2002

• Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations,
2018

• The Depositories Act, 1996

• Securities and Exchange Board of India (Intermediaries) Regulations, 2008

• IFSCA (Capital Market Intermediaries) Regulations, 2021

• Securities and Exchange Board of India (Prohibition of

• IFSCA (Fund Management) Regulations, 2022 Fraudulent and Unfair Trade Practices relating to

• IFSCA (Listing) Regulations, 2024

Course Details:

Attendance

A candidate will have to attend 75% of classes, failing which, he/ she will not be entitled to appear in
the exams (Assessment Test)

Note: -
If a member fails to attend 75% of the classes due to unavoidable reasons, they must
complete the remaining course hours in the next two consecutive batches, failing which a
fresh registration will be required to complete the course.
CPE Credit

The participants to this course will be given 30 CPE Hrs wherein credit of 25 CPE hours will be given
after completion of entire classes and remaining 5 hours will be given after successfully clearing the
exam as per CPE guidelines

Eligibility

Only the Members of ICAI are eligible to pursue this course.

Course Duration

For online batch

Online /Virtual Classes will be for 25 days - 4 Hours each

For Residential Batch:

Physical Classes will be for 17 days - 6 Hours each

For Hybrid Batch

Hybrid Mode Online Residential

(Preferably on weekend –
Saturday and Sunday)

Structured 4 hrs 6 Hrs

Learning Hours per
day – for 14 days

Structured 2 hrs
Learning Hours per
day – for 1 day

Total days 15 7
Total Structured 58 hrs 42 hrs
Learning hours

Assessment Test

1. Passing Criteria: Minimum 50% marks in the Assessment Test.

2. The Assessment Test shall have maximum marks of 100 in Multiple Choice Questions (MCQ)
format of 2 hours.
3. A candidate must attend 75% of the structured learning sessions in order to be eligible to take
the Assessment Test.
4. Assessment Test Fee: Rs. 1,000/- + GST, or as decided by the Committee from time to time.
This fee is applicable only if the participant is unable to clear the Assessment Test in their first
eligible attempt.
Kindly note: A maximum of 6 attempts are offered to the candidate to pass the assessment test. If a
candidate is unable to qualify/take the assessment test after 6 attempts, a fresh registration will be
required.

Fee Structure

Online Batch: Rs. 15,000/- + GST

Residential Batch (Single Accommodation) :Rs. 55,000/- + GST

Residential Batch (Twin Sharing): Rs. 35,000/- + GST

Hybrid Batch (Single Accommodation) :Rs. 40,000/- + GST

Hybrid Batch (Twin Sharing) : Rs. 30,000/- + GST

Refund policy:

 Requests for refund or admission cancellation must be received at least one week before
the Certificate Course starts.
 A deduction of 10% of the gross fee paid (including GST) will be applied, in accordance with
ICAI norms.
 No refund requests will be accepted once the course has commenced.

For details-contact

To Secretary,
Committee on Financial Markets and Investors’ Protection
The Institute of Chartered Accountants of India
Second Floor, Hostel Block
ICAI Bhawan, A-29- Sector 62 Noida, 201309
E-mail: ccccmi@[Link]
Contact Details: 0120- 3045905

Note: Committee reserves the right to change the venue, time, date, pattern and course curriculum.