n NISM Certifications
V-A NISM Series V-A
Medium

How often should the Key Information Memorandum (KIM) be updated?

Practice question from NISM Series V A - Mock Test 4 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Every quarter

  2. Twice in a year

    Correct answer

  3. C

    At least once a year

  4. D

    It need not be updated after it is issued once

Why this is the answer

KIM should be updated twice a year, based on data as of March and September, as per SEBI regulations.

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