Is yellow tape enough for separating multiple businesses like real estate and broking in 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 am also an insurance agent, can I run both businesses from the same office?

  Yes, but segregation of business activities is mandatory. You must clearly demarcate the space (e.g., using cabin partitions) for each business within the same premises.

• When a client places an order at the office, is uploading the deal sheet enough?

  Both the visitor register and the deal sheet (with the client’s signature) need to be uploaded. This ensures proper documentation of client visits and order placement as per compliance requirements.

• From where can I check client Real Time Margin Shortfall details ?

  You can check Real Time Margin Shortfall details in AAA under Reports option.

• Can an AP become a SEBI Registered Research Analyst and offer both advisory and broking services?

  Yes, an AP can become a SEBI-registered Research Analyst (RA) and provide both advisory and broking services. However, strict segregation and demarcation between advisory and broking activities are mandatory. Client mingling between RA/RIA and ...