As per Circular No. MCX-SX/MEM/226/2009 dated November 10, 2009 , an Authorised Person is defined : ‘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’. Download Ref no. MCX-SX/MEM/226/2009
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.
Members desirous of appointing a Authorised Person shall submit an application along with supporting documents, complete in all respects to Membership Department as per the prescribed formats along with relevant processing fees.
Members can also submit the application through member interface MY EXCHANGE.
It may be noted that approval for appointment of Authorised Person is subject to receipt of complete set of documents by the Exchange. Members are required to ensure that the Authorised Person appointed by them comply with the requirement relating to their appointment on an ongoing basis.
In case of any query or clarification on Authorised Person, please contact us on +91 22 67319077 or write to us on firstname.lastname@example.org