n NISM Certifications
X NISM Series X
Medium

Which of the following is part of the Code of Conduct prescribed for intermediaries under SEBI regulations?

Practice question from NISM Series XA- Investment Adviser (Level 1) Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Responsibility for acts of employees

  2. B

    Charging fees in line with industry standards

  3. C

    Maintaining client confidentiality

  4. All of the above

    Correct answer

Why this is the answer

SEBI’s Code of Conduct requires intermediaries to act ethically by being accountable for their employees’ actions, charging reasonable fees, and maintaining confidentiality of client information except where disclosure is required by law.

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