NISM Certifications · NISM-Series-VII: Securities Operations and Risk Management · Market Participants in the Securities Market
Which of the following is a function of the Securities Appellate Tribunal (SAT) in the Indian securities market?
The Securities Appellate Tribunal hears appeals against orders passed by SEBI. It is an appellate body and does not register brokers, settle trades or set margins, which are the work of SEBI and the clearing corporations.
- AHearing appeals against orders of SEBICorrect
- BRegistering stock brokers
- CSettling trades in the cash segment
- DSetting margins for derivatives
Explanation
SAT is an appellate body that hears appeals against SEBI orders and certain other authorities under securities laws. Registering brokers is a SEBI function, settlement is carried out by clearing corporations, and margins are set by clearing corporations within SEBI's framework.
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