n NISM Certifications
VII NISM Series VII
Medium

Both parties can seek to settle a matter outside the purview of ________.

Practice question from NISM Series VII Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. The Exchange

    Correct answer

  2. B

    SEBI

  3. C

    The Investor Grievance Forum

  4. D

    None of the above

Why this is the answer

Both the complainant and trading member may settle disputes outside the Exchange. The broker must submit a satisfaction letter from the investor to the Exchange to close the matter.

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