n NISM Certifications
NSM General NISM
Medium

What type of agreement must a sub-broker execute with clients under regulatory guidelines?

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

Options

  1. A

    Bipartite agreement outlining party rights

  2. B

    Bipartite agreement specifying brokerage only

  3. Tripartite agreement with broker and client, outlining rights and obligations

    Correct answer

  4. D

    Tripartite agreement specifying only broker’s rights

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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