Taxmann’s Securities Intermediaries Compliance (Fund) by National Institute of Securities Markets (NISM) – Edition May 2026.

Main Description / Overview

Undeniably, this comprehensive working handbook makes complex fund management regulations and market compliance structures very clear. For instance, the text reads the principal SEBI regulations, operational mandates, and dual-tier risk verification mechanisms together as an integrated compliance system easily.

Consequently, readers easily grasp the exact statutory modes of executing daily investment desk controls, resolving investor grievances, and submitting mandatory disclosures. Ultimately, it logically organizes the massive regulatory subject into highly practical, self-contained divisions to guide financial operations smoothly.

Furthermore, it covers everything from the code of conduct for fund managers to the fine print of internal auditor guidelines. Therefore, it acts as an essential daily reference tool for handling statutory benefit audits and structural risk evaluations.

Target Audience

Clearly, this practice-ready reference manual serves finance executives and institutional risk officers directly. Therefore, it gives direct help to these specific users.

• First, it supports compliance officers and operations heads managing mutual fund houses and asset management companies (AMCs).

• Second, it helps securities market intermediaries, fund administrators, and internal auditors evaluating fiduciary responsibilities.

• Third, it guides candidates preparing for specialized NISM certification examinations in fund compliance and portfolio administration.

Key Features of the May 2026 Edition

Significantly, the NISM research team compiled this essential market resource perfectly. As a result, it offers several highly useful tools for readers.

• First, it integrates the fundamental statutory amendments and regulatory modifications enforced by SEBI through May 2026.

• Furthermore, it incorporates comprehensive compliance checklists for fund operations and marketing disclosures directly.

• Specifically, it provides an extensive analysis of the reporting obligations for portfolio managers and mutual fund trustees.

• Moreover, it explains the complex operational rules governing anti-money laundering (AML) and KYC frameworks clearly.

• Additionally, it incorporates real-world case studies, scenario-based evaluations, and mock exercises cleanly.

Detailed Chapter Breakdown

Structurally, the book covers the entire fund compliance framework across clear, navigable operational blocks. Initially, it maps the foundational legal framework of primary financial market codes perfectly.

• First, it clearly explains the core principles of the Indian securities market structure and the central role of regulatory bodies.

• Next, it fully details the exact registration criteria, eligibility norms, and net-worth requirements for fund intermediaries.

• Furthermore, it perfectly outlines the strict regulations governing investment restrictions, pricing mechanisms, and valuation guidelines.

• Moreover, it tackles the complex rules of investor service delivery, transaction tracking, and dividend distribution processing.

• Finally, it details the strict statutory approaches towards corporate governance practices, enforcement actions, and dispute arbitration channels.

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