A broking franchise is another term for a sub broker. Sub-brokers must register with SEBI, and the stock broker is responsible for all authorized person commission tasks.
A sub broker is a person appointed by a stock broker to operate as an agent on behalf of a Trading Member but who is not a Trading Member of a Stock Exchange. This post will educate you about Sub Brokers / Authorized Person / Stock Broking Franchise or Sub Broker Franchise.
A sub broker is someone who has been appointed by a stock broker to act as an agent on behalf of a Trading Member but is not a Trading Member of a Stock Exchange. This article will teach you about Sub Brokers, Authorized Persons, Stock Broker Franchises, and Sub Broker Franchises.
Sub Broker Regulations:-
SEBI revised the Securities and Exchange Board of India (Stock-brokers and Sub-brokers) Regulations, 1992. These regulations were replaced by the Securities and Exchange Board of India (Stock-brokers and Sub-brokers – 2nd Amendment) Regulations 2018.
SEBI revised the Securities and Exchange Board of India (Stock-brokers and Sub-brokers) Regulations, 1992. These regulations were replaced by the Securities and Exchange Board of India (Stock-brokers and Sub-brokers – 2nd Amendment) Regulations 2018.
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