Difference Between Sub-broker and Authorised Person

[rohittrader]

hi,
i want to Know what is Difference Between a Sub-broker and the Authorised Person
and also wanna Know what are advantages :thumb: of being a Sub-broker
and same with Authorised Person and also DIsadvantages :annoyed: of sub-broker and AP
thx

 

[hitesh]

hi,
i want to Know what is Difference Between a Sub-broker and the Authorised Person
and also wanna Know what are advantages :thumb: of being a Sub-broker
and same with Authorised Person and also DIsadvantages :annoyed: of sub-broker and AP
thx

1. A sub broker is a person who is registered with SEBI as such and is affiliated to a member of a recognized stock exchange.

2. Any person 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 is an Authorised Person.

3. When Sub-broker introduces client to the broker, he has to enter tri-party agreement. When Authorised person introduces client to the broker, there is no need to enter tri-party agreement.

Please find here attached faq on authorised person, which would be useful to you for coming to a conclusion.

Hitesh

 

[rohittrader]

The Word Attec. File Is nt Opening can u plz POst that again Or PLz give the Link.....
thx

 

[bbboy]

1. A sub broker is a person who is registered with SEBI as such and is affiliated to a member of a recognized stock exchange.

2. Any person 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 is an Authorised Person.

3. When Sub-broker introduces client to the broker, he has to enter tri-party agreement. When Authorised person introduces client to the broker, there is no need to enter tri-party agreement.

Please find here attached faq on authorised person, which would be useful to you for coming to a conclusion.

Hitesh

Thanks for the information, but can u please eloborate more on the topic....

U said that SB has to enter tri-party agreement and AP don't need that, so it means AP are in disadvantage at any stage of there business in future ?

As per your comment above it seems that AP don't need to register with sebi, then my question is that is there any disadvantage for AP in long run in future , suppose main broker want to side line AP and want to aquire his clients directly ??

These are just my concern, i don't know what is the technicality and why in india so many names for same business like sub-broker / AP / remiser etc. etc..
my concern is that there must be some hidden points which may affect the business in future / long run, thats why there are diffrent things like SB / AP / Remiser etc...

Anyone can explain it more deeply ?
awaiting reply

 

[nishadma.sh]

yaaa.that's correct.in future AP dont have the permission to open a franchise

 

[nishadma.sh]

stock broker can take ap 's clients without his permission

 

[mandartk]

Sir cant find attachment here

 

[rgrforex]

Great thread guys ,

Is there any charge for opening a sub broker and Authorized Person ?