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
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
Related Articles
Where Can I Get Clarity on the Rights & Obligations of FYERS, Authorized Person (AP)/Sub‑Brokers and Clients?
Understanding the roles and responsibilities of every party in the trading ecosystem helps you stay compliant and avoid disputes. We at FYERS follow the rights and obligations framework mandated by SEBI and the stock exchanges for clients, Authorized ...
What Are the Do’s and Don’ts for Trading on the Stock Exchanges?
Trading responsibly starts with knowing the rules. We at FYERS recommend reviewing the exchange and SEBI prescribed checklists so you understand good practices for order placement, margin discipline, and risk control. Trading in Equities Use the ...
How Does FYERS Help Educate Clients About Trading & Investing?
Education is a cornerstone of how we serve you. We at FYERS believe financial literacy leads to better decisions, so we offer robust, always‑free learning platforms to support continuous growth. Tip: Start with the School of Stocks if you are new, ...
Where Can I Read All the Terms & Conditions of FYERS?
Before you start trading or investing, it helps to know the terms that govern your relationship with us. We at FYERS publish all Terms & Conditions on our website so you can review your rights, responsibilities and the scope of services across our ...
When Are Physical Settlement Symbols Blocked for Trading?
As part of the physical settlement process in stock derivatives, we at FYERS block trading in certain expiring contracts close to expiry to protect clients from unintended delivery obligations. Here is how the blocking mechanism works. Blocking ...