n NISM Certifications
XVII NISM Series XVII
Medium

A Self Regulatory Organisation (SRO) primarily encourages best practices among its members to uphold industry standards.

Practice question from NISM Series XVII- Retirement Adviser Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Enforce the regulations made by the regulator of the industry

  2. B

    Make regulations on specific areas allowed by the regulator

  3. C

    Create a code of ethics to be followed by its employees

  4. Encourage best practices amongst members

    Correct answer

Why this is the answer

SROs promote self-regulation and uphold high ethical standards within their industry segments.

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