n NISM Certifications
X NISM Series X
Medium

How should an investment adviser maintain documentation of client investments?

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 1 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Only in digital form

  2. B

    Only in physical form

  3. Either in physical or digital form

    Correct answer

  4. D

    Both physical and digital forms simultaneously

Why this is the answer

Record-keeping can be in physical or electronic format, with a minimum retention period of five years.

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