Bombay Stock Exchange (BSE) shall be levying processing fee of Rs 1,000 (along with applicable taxes) with effect from June 1, 2017, towards cancellation of Authorised Person (AP) registration. Authorised Person refers to an individual, partnership firm, LLP or body corporate appointed by a stock broker. The AP provides access to trading platform of a stock exchange as an agent of the stock broker.
As per norms, a stock broker may appoint one or more APs after obtaining specific prior approval from the stock exchange concerned for each such person. The approval as well as the appointment is for specific segment of the exchange.
BSE is engaged in extensive monitoring of its members, of listed companies and of market activities in order to minimize the risk of default, promote market transparency and integrity.
