Securities Operations and Risk Management (SORM) FAQs

Securities Operations and Risk Management certification is suited for professionals associated with securities operations, risk management, clearing and settlement practices in any firm that deals and trades in securities. The certification helps the learner understand the Trade Life Cycle (TLC) and provides basic understanding about Securities Market and its products.

National Institute of Securities Management has specified this examination to be the requisite standard for associated persons of a registered stock-broker / trading member / clearing member in recognized stock exchanges, involved in: assets or funds of investor or clients; redressal of investor grievances; internal control or risk management; activities having a bearing on operational risk.

You can register online for the SORM examination at www.nism.ac.in. You will need a PAN card to register, along with the registration fees.

Objectives of the certification examination are:

• Securities Operations and Risk Management certification offers learner a detailed understanding about Securities Market and its participants and exposure to Securities Broking Operation
• It will provide the learner with an understanding of Front Office, Middle Office and Back Office Operations in a Securities Operations Firm.
• Educate the learner about Risk Management Framework in the cash and F&O segment
• Develop an understanding about clearing and settlement firm.
• Understand Grievance and Retention redressal mechanism for investors

Test Duration: 2 hours

Exam Details:

Maximum Marks : 100; Passing Marks: 50. Negative Marks: 25% for wrong answer.

Please go through the link for the topic-wise weightage of the SORM NISM VII examination.

Preparation time and effort would depend on your current level of understanding and experience in securities operations.

NISM provides a workbook which contains syllabus that is required to clear the examination. At an average, it requires 4-6 hours of study of the workbook to get a thorough understanding of the course material.

• Some concepts like STT charges for transactions, Arbitration fees etc require the learner to memorise, and will depend on individual capacity.
• We would also recommend that you go through Mock-tests to get a taste of real exam conditions. Once you apply your theoretical learning into a practical examination, you will understand the status of your preparation.
• After taking a mock test, you might need to revise your weak topics.

• CubeLearn offers a question bank with mock-tests and practice questions to help you revise and apply your learnings.
• Our question bank will scientifically test your preparation, and also share topic-wise score to help you understand your strong and weak areas.
• We offer detailed explanations for all questions, that help strengthen your concepts.

A team of trainers creates each question bank. The trainers continue to take these examinations to understand the pattern, and also research test-takers’ pain areas. Explanations provided are detailed and attempt to clarify concepts, and explain the basics.

Weightage to the questions in the question bank, is based on the prescribed weightage in the exam. We cannot predict the exact questions in any particular exam. Our endeavour is to formulate questions and explanations in such a way that learner is fully prepared for the complexity levels of the examination.

The question banks are available after a payment of a nominal subscription charge. Once the payment is made the question bank is available immediately on our website.

You can use your email id and password (created at the time of payment) to log in and access the question bank. The system is available on laptop and mobile, 24×7.

The validity of SORM mock test is 30 days. There are 500 questions to practice and no limit to the number of times you can try and attempt the question bank.