Authorized Person (AP) Registration

An "Authorized Person" (AP) is an individual, partnership firm, LLP, or corporate entity appointed by a stockbroker to grant access to a stock exchange's trading platform. Acting as an agent of the stockbroker, an AP facilitates trading in various segments of the exchange.

Key Features of an Authorized Person (AP):

• An AP serves as an intermediary on behalf of a stockbroker.
• They must be approved by the relevant stock exchange for specific segments.
• APs are regulated by the rules and regulations of SEBI and the respective stock exchanges.

Regulatory Framework: According to SEBI Circular No. 702, dated November 9, 2009, an Authorized Person is defined as any individual, partnership firm, LLP, or corporate entity appointed by a stockbroker (including a Trading Member) to provide access to the trading platform of a Stock Exchange as an agent of the Stockbroker. For more information, please refer to the official circulars and registration guidelines on the NSE and BSE websites:

• NSE Registration: https://www.nseindia.com/trade/authorised-for-membership
• BSE Registration: https://mock.bseindia.com/static/members/authorisedpersons.aspx
• SEBI Circular: https://nsearchives.nseindia.com/content/circulars/INSP63425.pdf

If you need to send any physical documents, please mail them to the following address:

Name: Yash Kansara