If I am also an insurance agent, can I run both businesses from the same office?

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• Can mutual fund and insurance businesses run under a different entity while broking is done with IIFL?

  Yes, it is allowed. However, there must be proper demarcation and clear segregation between the different businesses to ensure compliance with regulatory requirements.

• If I run my AP office from home without a trader terminal, do I still need to maintain registers and display notice boards?

  Yes, all compliance requirements for an AP must be adhered to at all times, regardless of the office location or whether a trader terminal is being used. This includes maintaining all mandatory registers and prominently displaying all required notice ...

• Is yellow tape enough for separating multiple businesses like real estate and broking in the same office?

  No, yellow tape alone is not sufficient. Proper physical segregation must be maintained between different business activities. This can be done using separators, partitions, or cabins to clearly demarcate the broking area from other business ...

• Can you please repeat the display requirements for the AP office?

  Yes. The following boards and documents must be prominently displayed on the walls of the AP’s office and must be of permanent nature: 1. IIFL Notice Boards for NSE, BSE, MCX, and NCDEX. 2. IIFL SEBI Registration Certificate. 3. SEBI Investor ...

• Can I do business transactions with a friend who is also my client?

  As an Authorized Person (AP), you are not permitted to engage in any financial or securities transactions with your clients. This includes any form of fund or security transfers, even if the client is also a business associate or friend.