• Any person -individual, partnership firm, LLP or body corporate –who is appointed as such by a stock broker /trading member and who provides access to the trading platform of the Exchange as an agent of the stock broker.
• A stock broker/trading member may appoint one or more Authorized Person(s) after obtaining specific prior approval from the Exchange concerned for each such person.
• The stock broker/trading member shall select a person in compliance with the criteria laid down by the Exchange and the framework prescribed by the regulator and for appointment as an Authorized Person forward the application of the person to the Exchange for approval as per details and formats given in the Annexure to this circular.
• The Exchange may accord or refuse approval on satisfying itself based on whether the person is eligible for appointment as Authorized Person.

Criteria for INDIVIDUAL

An individual is eligible to be appointed as Authorized Person if he:

• Is a citizen of India or a citizen of any of the Financial Action Task Force (FATF) compliant jurisdictions;
• Is not less than 18 years of age;
• Has not been convicted of any economic/financial offence in his home jurisdiction or overseas;
• Has a good reputation and character;
• Is a graduate from a recognized institution in the jurisdiction of his citizenship; and
• The approved users and / or sales personnel of the Authorized Person shall have the certification in Equity Derivatives or Commodity Derivatives or Currency Derivatives or Combined Derivatives or Securities Markets Module or equivalent certifications recognised by the securities markets regulator of their home jurisdictionat all points of time

Criteria for PARTNERSHIP FIRM/ LLP/ BODY CORPORATE

A partnership firm, LLP or a body corporate is eligible to be appointed as an Authorized Person if;

• It is incorporated in the IFSC or in any of the FATF compliant jurisdictions or which is governed by an FATF style regional body
• If all the partners or directors, as the case may be, comply with the requirements contained in clause I above
• The object clause of the partnership deed or of the Memorandum of Association contains a clause permitting the person to deal in securities business

The authorised person shall have the necessary infrastructure like adequate office space, equipment and manpower to effectively discharge the activities on behalf of the stock broker/trading member.

Register your clients with SSIL and offer them the trading Software to execute trades. Additionally we also provide mobile & web applications through which the client can trade from anywhere.

Income per trade is the simple model. Depending on the level of brokerage your clients’ generate, an Authorised Person can earn a % as a profit. The more your Clients’ trade the more you earn.

SSIL will send you all the brochures, flyers and company information, client on-boarding kits and relevant information to get going and onboard your traders and investors.