Securities Market Intermediaries
The market Regulator, SEBI regulates various intermediaries in the primary and secondary markets through its
Regulations for these intermediaries. SEBI has defined the role of each of the intermediary, the eligibility criteria
for granting registration, their functions and responsibilities and the code of conduct to which they are bound.
These Regulations also empower SEBI to inspect the functioning of these intermediaries and to collect fees from them and to impose penalties on erring entities. As per Section 11 of SEBI Act, it is the duty of SEBI to register and regulate the working of stock brokers, sub-brokers, share transfer agents, bankers to an issue, trustees of trust deeds, registrars to an issue, merchant bankers, underwriters, portfolio managers, investment advisers and such other intermediaries who may be associated with securities market in any manner.
Here is a quiz on Intermediaries.
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- Question 1 of 10
1. Question1 points
Market intermediaries includes all of above.Incorrect
- Question 2 of 10
2. Question1 points
Capital adequacy requirement for an underwriter isCorrect
As per SEBI (UNDERWRITERS) RULES, 1993, mimimum Capital adequacy requirement for an underwriter is INR 20 LakhIncorrect
- Question 3 of 10
3. Question1 points
Functions of a Merchant Banker can beCorrect
As advised by SEBI,a merchant banker can perform various functions including aboveIncorrect
- Question 4 of 10
4. Question1 points
Activities of a Merchant Banker are controlled byCorrect
Activities of a merchant banker are controlled by SEBI under SEBI (Merchant Bankers)
- Question 5 of 10
5. Question1 points
Syndicate member meansCorrect
Syndicate member is an intermediary registered with SEBI and who is permitted to carry on the activity as
- Question 6 of 10
6. Question1 points
Custodian in capital market meansCorrect
Custodian means a person responsible for custody of the securities of the client and incidental services such as
maintaining the accounts of securities of the client, collecting the benefits or rights accruing to the client in
respect of securities.Incorrect
- Question 7 of 10
7. Question1 points
Depository Participant meansCorrect
Depository Participant is an agent of the depository who is authorised to offer depository services to
investors and registered with SEBI.Incorrect
- Question 8 of 10
8. Question1 points
Underwriting is compulsory for public issueCorrect
Underwriting is compulsory for a public issue.Incorrect
- Question 9 of 10
9. Question1 points
Intermediaries does not includeCorrect
As per SEBI (Intermediaries) Regulations, 2008, intermediaries does not include above all conernsIncorrect
- Question 10 of 10
10. Question1 points
Underwriter certificate is valid forCorrect
As per SEBI (UNDERWRITERS) RULES, 1993, Certificate granted shall be valid for a period of three years from the date of its issue to the underwriterIncorrect