n NISM Certifications
XV NISM Series XV
Medium

Which statement is correct regarding Regulation 16 of the Code of Conduct for Research Analysts?

Practice question from NISM XV Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Trading is prohibited 30 days before publication

    Correct answer

  2. B

    Trading is prohibited 60 days before publication

  3. C

    Trading is prohibited 7 days before publication

  4. D

    Trading is prohibited 45 days before publication

Why this is the answer

Regulation 16 states that research analysts shall not trade in securities they recommend within 30 days before and 5 days after publication of the research report.

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