n NISM Certifications
VII NISM Series VII
Medium

A stock broker must maintain which documents for record purposes?

Practice question from NISM Series VII Mock Test 2 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Copies of KYC forms

  2. B

    Agreement with clients

  3. Both Copies of KYC forms and Agreement with clients

    Correct answer

  4. D

    Net worth certificate of clients

Why this is the answer

SEBI requires brokers to preserve KYC forms and client agreements for at least five years as part of record maintenance.

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