As per NSE, "Authorised Person" (AP) means any person - Individual, partnership firm, LLP or body corporate - who is appointed as such by a stock broker (including trading member) and who provides access to trading platform of a stock exchange as an agent of the stock broker.
Any adult Indian citizen can apply for an AP status, should have passed at least 10th standard or equivalent examination from an institution recognized by the Government.
The Authorised Person shall also have the necessary infrastructure like adequate office space, equipment and manpower to effectively discharge the activities on behalf of the Trading Member.
The Trading Member and Authorised Person shall enter into written agreement(s) in the form(s) prescribed by the Exchange.
Equity | Mutual Funds | IPOs | Insurance Products | Loans |