n NISM Certifications
VII NISM Series VII
Medium

SEBI prescribes brokers/members to send a Global Statement to clients on which periodicity?

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

Options

  1. A

    Quarterly

  2. B

    Monthly

  3. C

    Six monthly

  4. Annually

    Correct answer

Why this is the answer

SEBI mandates that all members must issue an Annual Global Statement to their clients within 30 days from the end of the financial year. This statement must include details of all transactions executed by the client during that financial year.

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