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SORM Policy

STOCKOLOGY SECURITIES PRIVATE LIMITED

Policy for Certification of Associated Persons

Objective

To frame the guidelines for certification of associated persons in the securities markets based on notifications received from Exchanges and SEBI.

Brief About Exam Policy

  • As per SEBI (Certification of Associated Persons in the Securities Markets) Regulations, 2007, SEBI may require specified categories of associated persons to obtain requisite certification.
  • SEBI considers whether the associated person interacts with investors or clients, handles investor assets or funds, handles investor grievances, is responsible for internal controls or risk management, is responsible for compliance, or performs activities having operational risk impact.
  • Persons notified by SEBI from time to time are required to obtain certification within timelines specified by SEBI.

Definitions

  • Associated Person: Principal, employee, agent, distributor or other natural person engaged in securities business, including an employee of an FII/FVCI working in India.
  • Certificate: Certificate granted by NISM in accordance with applicable regulations.
  • Distributor: Any person engaged by an intermediary or issuer for sale/distribution of securities.
  • Intermediary: Entity registered under sections 11 or 12 of the Act, including persons requiring membership or approval from a stock exchange or SRO.
  • NISM: National Institute of Securities Markets established by SEBI.
  • Principal: Persons actively engaged in management of intermediary securities business, including sole proprietors, managing partners and whole-time directors.

Obligation to Obtain Certificate

  • An associated person engaged on or after the notified date must obtain certification within one year from engagement.
  • A person engaged prior to the notified date may continue, provided certification is obtained within two years from the notified date.
  • If a valid certificate for a recognized category is already held, fresh certification for the same category is not required during validity.

Manner of Obtaining Certificate

  • By passing a certification examination conducted by an organization/SRO approved or engaged by NISM.
  • By obtaining prescribed classroom credits through classes on subjects specified by NISM.
  • By delivering prescribed formal classroom sessions in continuing professional education programs specified by NISM.
  • Principals may obtain certification through any of the above modes.
  • Associated persons (other than principals) aged 50 years or with at least 10 years of relevant securities market experience may obtain certification through examination or classroom credits.
  • All other associated persons must obtain certification through examination.

Validity and Continuing Professional Education

  • Certification is valid for three years from date of grant or revalidation.
  • On expiry, certification is revalidated for three years at a time after successful completion of NISM-specified continuing professional education.
  • Intermediaries must ensure associated persons participate in approved continuing professional education programs.
  • Associated persons must take reasonable steps to participate in required CPE programs.

Company Compliance Statement

  • Compliance with these regulations is a factor considered for grant/renewal of intermediary registration.
  • Stockology Securities Private Limited states that supervisory staff engaged in specified activities hold NISM certification and compliance will continue on an ongoing basis.
  • Associated persons dealing with clients/funds, grievance redressal, internal control/risk management, compliance and operational-risk-linked activities must obtain valid NISM Series VII (SORM) certification within prescribed timelines.

Exemption (Clerical/Elementary Functions)

Associated persons handling only basic clerical/elementary functions in specified areas are exempt from NISM Series VII (SORM) certification, subject to supervision by a SORM-certified supervisor.

Internal Control or Risk Management

  • Inwarding of collaterals/cheques
  • Maker entries in systems
  • Database entry support
  • Photocopy, printing, scanning
  • MIS preparation
  • Sending letters/reports to clients, Exchanges, SEBI
  • Attending calls

Redressal of Investor Grievances

  • Inwarding of complaints
  • Seeking documents from clients
  • Maker entries and database support
  • Photocopy, printing, scanning
  • MIS preparation
  • Sending letters/reports and SCORES data upload support
  • Attending calls

Operational Risk / Dealing with Funds or Assets

  • Maker entries in systems
  • Database support
  • MIS preparation
  • Generating reports/files
  • Photocopy, printing, scanning
  • Dispatching documents to clients
  • Sending letters/reports to clients, Exchanges, SEBI
  • Attending calls

References

  • SEBI Notifications under regulation 3 of the Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets) Regulations, 2007 dated 13-May-2009, 11-Aug-2009, 04-Sep-2009, 31-May-2010, 29-Jun-2010, 10-Dec-2010, 11-Jan-2013 and 11-Mar-2013.
  • NSE Circular no. NSE/INSP/16536 dated 15-Dec-2010.
  • NSE Circular no. NSE/INSP/27495 dated 02-Sep-2014.
  • BSE Notice no. 20101215-19 dated 15-Dec-2010.
  • BSE Notice no. 20140902-8 dated 02-Sep-2014.

STOCKOLOGY SECURITIES PRIVATE LIMITED — DISCLOSURES & INVESTOR INFORMATION

Stockology Securities Private Limited is registered with SEBI as a Stock Broker.

SEBI Registration No.: INZ000326233|NSE Membership ID: 90434

Registered Office & Corporate Office:

111, Krishna Business Centre, PU–4, Vijay Nagar, Indore – 452010 (M.P.)

Stock Broking Services: info@stockologysecurities.com

Depository Participant (DP) Queries: info@stockologysecurities.com

General Disclaimer

Stockology Securities Private Limited engages in client-based as well as proprietary trading activities across registered stock exchanges.

Investing in the securities market involves risks. Please read all scheme- and product-related documents carefully before investing.

Registration with SEBI or NISM certification should not be considered as an assurance of guaranteed returns or performance.

SEBI SCORES – Investor Complaint Redressal

Investors can lodge complaints on SEBI SCORES by completing a simple registration.

Mandatory details:

  • Name, PAN, Address
  • Mobile Number, Email ID

Benefits of SCORES:

  • Faster resolution
  • Seamless communication
  • Centralized tracking of complaints

Additionally, investors may use the Smart Online Dispute Resolution (ODR) platform for online grievance handling.

KYC Information

KYC needs to be completed once with any SEBI-registered intermediary. After KYC is verified, it remains valid across brokers, DPs, and mutual funds.

Stock Broking Transaction Alerts

Keep your mobile number and email ID updated with your broker to receive alerts from the Exchanges for each trade you execute. Daily trade confirmations are directly sent by the Exchanges to your registered mobile/email.

Depository (Demat) Safety

To prevent unauthorized activity, ensure your registered mobile number is updated with the DP. CDSL/NSDL sends alerts for all debit and other crucial transactions on the same day.

General Advisory for Investors

  • Beware of SMS, emails, or social media messages recommending unsolicited trades.
  • Invest based on informed decisions and conduct adequate research.
  • Do not rely on unverified tips, influencers, or unauthorized advisory channels.
  • You may report any suspicious activity, fraud, or wrongdoing anonymously via investor platforms of BSE and NSE.

Risk Disclosures — Derivatives Trading

SEBI studies have indicated:

  • 9 out of 10 individuals trading in equity F&O incur net losses.
  • Average net loss for loss-making traders is approximately ₹50,000.
  • Loss-making traders additionally incur ~28% of their losses as transaction costs.
  • Even profitable traders pay 15%–50% of their profits as transaction costs.

Advisory for All Investors

• Funds/securities should be credited to your account within one working day after payout.

• Consider registering for Speed-e / Easiest facilities from depositories to authorize online transfer of securities instead of DDPI/POA.

• Ensure you receive Contract Notes within 24 hours of your trades and Statements of Accounts once every quarter.

• If you maintain a running account with the broker, ensure settlement happens every 90 days (or 30 days if opted).

• Avoid keeping idle balances with your broker unnecessarily.

• Regularly log in to verify holdings, balances, and transaction statements.

• Monthly SMS/emails from the Exchange provide balances as reported by brokers—review carefully and raise concerns immediately if discrepancies appear.

• Keep your contact details updated to receive timely regulatory alerts.

• Report any mismatch or irregularity to the Stock Broker, and if unresolved, escalate to the Exchange or Depository.

Avoid the Following Practices While Trading Options

  • Sharing login credentials, passwords, or OTPs with anyone.
  • Trading leveraged products like options without understanding associated risks.
  • Writing/selling options or following complex strategies solely on tips or recommendations.
  • Acting on unverified suggestions received through WhatsApp, Telegram, YouTube, SMS, calls, etc.
  • Taking advice from influencers or unregistered entities.

Guidelines on Margin Collection

  • Securities can be accepted as margin only if pledged in the depository system (effective from 01 September 2020).
  • Ensure your email ID and mobile number are updated with the DP and broker to receive OTPs directly from the depository while creating pledges.
  • Check your mutual funds, bonds, and securities regularly in the Consolidated Account Statement (CAS) issued monthly by NSDL/CDSL.

Investor Education

To stay updated and improve investment awareness, investors are encouraged to explore educational content available on the BSE Investor Protection Fund website:

https://www.bseipf.com/investors_education.html

© 2026 Stockology Securities Private Limited. All Rights Reserved.