Certification of Associated Persons in the Securities Markets Regulations, 2007 — Investor/client onboarding and agreements
Regulation-wise professional control page for Certification/NISM.
Finin2min Summary — in 2 Minutes
R-05 — Investor/client onboarding and agreements. Apply KYC, suitability/appropriateness where relevant, disclosures, contracts and consent.
Official source and legal ownership
Paragraph-wise Finin2min interpretation
Provision map
Apply KYC, suitability/appropriateness where relevant, disclosures, contracts and consent.
Regulated audience
Certification/NISM
Evidence
Official consolidated regulation, amendment, registration/approval, policy, transaction record, disclosure, filing and audit trail.
Cross-law test
Apply SEBI Act with Companies Act, SCRA and Depositories Act according to the transaction.
Practical example
Implementation and evidence controls
- Freeze the applicable entity class, product, transaction date and official instrument version.
- Map every control to its legal owner, enabling provision, responsible function, evidence and escalation route.
- Retain Board/committee approval, policy version, system configuration, maker-checker evidence, exception approval and regulatory filing acknowledgement.
- Re-test the control after an amendment, product change, outsourcing change, merger, customer-risk reclassification or supervisory observation.
Practical Q&A
Is this page a substitute for the numbered consolidated regulation?
No. It is the professional control layer; the official consolidated regulation remains the operative text source.
Which law wins if Companies Act and SEBI requirements differ?
Apply each within its subject and administration; obtain transaction-specific analysis rather than assuming one displaces the other.
What is the indexation gate?
Official regulation number/title, current amendment, exact paragraph mapping, forms/schedules and substantive QA.