n NISM Certifications
XV NISM Series XV
Medium

Which action is NOT part of SEBI’s powers?

Practice question from NISM XV Mock Test 7 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Appoint directors of FIU

    Correct answer

  2. B

    Suspend an officer of a SEBI-registered broker

  3. C

    Impound proceeds of regulatory violations

  4. D

    Suspend trading of a listed security

Why this is the answer

The Financial Intelligence Unit (FIU) is independent and reports to the Economic Intelligence Council, not SEBI. All other actions listed fall under SEBI’s regulatory powers.

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