What Are the Rights and Obligations of Members, Authorized Persons (AP) and Clients for Commodity Exchanges?

When you trade commodities through FYERS, every party involved, the client and the Authorized Person (AP), follows SEBI and exchange-mandated Rights and Obligations. These rules promote transparency, fair conduct, and responsible trading on commodity exchanges.

At a Glance

Category	Summary
Client responsibilities	Trade only in approved contracts, keep KYC updated, maintain margins, monitor positions, and honor settlement obligations.
AP responsibilities	Onboard clients as per regulation, provide platform access, communicate policies correctly, and route grievances for timely resolution.
Privacy and security	Your data is handled as per applicable laws. Sharing occurs only with consent or when required by regulation.
Fair conduct and grievance redressal	All parties must act professionally and fairly. Formal escalation, investor grievance handling, and arbitration are available if needed.

Detailed Responsibilities

Clients

Complete KYC correctly and keep address, email, and mobile number current.
Understand product risks, especially leverage, mark-to-market, delivery, and physical settlement, where applicable.
Maintain margins and meet shortfalls promptly to avoid square-off or penalties.
Review contract notes, margin statements, and ledger reports. Report discrepancies quickly.
Use your own funds; avoid unauthorized third-party funding or pooling.

Authorized Persons (AP)

Onboard clients in line with regulation and processes, with no mis-selling or inducements.
Share accurate information about products and policies. Do not provide tips or personalized advice.
Route platform or account issues so they are tracked and resolved.

Important: Rights and Obligations are prescribed by SEBI and the exchanges. Always refer to the latest version. If a third-party link is unavailable, please contact us for the current document.

Where to Read the Full, Official Document

Direct link: Rights and Obligations — Members, APs, Clients for Commodities.
From our website: Open fyers.in and go to the Policy section in the footer to browse Terms, Charters, and regulatory documents.

What If…

Scenario	What you can do
You are unsure about a clause	Read the official document, then write to [email protected] with the clause text for guidance.
You notice a discrepancy in your statement	Report it immediately with screenshots or contract note details so it can be investigated.
You suspect non-compliance by an AP	Raise a ticket or email [email protected] with evidence.
You want to delink from an AP	Submit a written request through support. Your account will continue directly with FYERS.
The link does not open	Try another browser, check your PDF viewer, or use the Policy section on fyers.in. You can also contact us.

Tip: Keep your KYC and contact details updated, save contract notes and margin statements, and review policy updates on our Notice Board.

Last updated: 18 Dec 2025