"Authorised Person" (AP) means any person not being a member of a Stock Exchange, who acts on behalf of a member-broker as an agent or otherwise for market access & assisting the investors in buying, selling or dealing in securities through such member-brokers. Authorised Persons are governed by SEBI Circular no. MIRSD/DR-1/Cir-18/09 dated November 06, 2009.
The following are eligible to apply for trading membership as Authorised Persons subject to the regulatory norms and provisions of SEBI and the respective Exchanges viz. NSE & BSE: -