Sorm Policy

Securities Operation & Risk Management (SORM)

Brief : Exchange circular NSE/INSP/16536 dated December 15, 2010, NSE/INSP/27495 dated September 2, 2014 according to which, following categories of associated persons i’e’ persons associated with a registered stock broker / trading member / clearing member in any recognized stock exchanges, who are involved in, or deal with any of the following

  • Assets or funds of investors or clients.
  • Redressal of investor grievances.
  • Internal control or risk management.
  • Activities having a bearing on operational risk.

shall be required to have a valid certificate of NISM Series VII _ operation & Risk Management (SORM) from National Institute of Market (NISM).

“Associated Person” means a principal or employee of an intermediary or an agent or distributor or other natural person engaged in the securities business and includes an employee of a foreign Institutional investor or a foreign venture capital investor working in India.

As required in the aforesaid Circulars, Our employee Mr. Gurjit Singh associated with Zeroshulk in deal with

  • Assets or funds of investors or clients.
  • Redressal of investor grievances.
  • Internal control or risk management.
  • Activities having a bearing on operational risk.

Has obtain the valid certification of NISM Series VII – Securities Operation and Risk Management (SORM)

Exemption
Associated persons handling the basic clerical / elementary functions in the aforesaid specified areas shall be exempted from obtaining the certification of NISM Series VII – Securities Operation and Risk Management (SORM). For this purpose, the company considers following activities as basic elementary lever / clerical level

Sr No. Redressal of Investor Grievances Internal Control or Risk Management Activities having a being on operational risk and dealing with assets of funds of investors of clients
1 Inwarding or collateral’s / Cheques Inwarding of complaints Person performing maker entriesPerson performing maker entries.
2 Person performing market entries Seeking documents from clients Maker entry in the database
3 Maker entry in the database Person performing maker entries Preparing of MIS
4 Photocopying, printouts,scanning of documents Maker entry in the database Generating of reports, Files
5 Preparing of MIS Photocopying, printouts,scanning of documents Photocopying, printouts, scanning of documents
6 Sending of letters / reports to clients,Exchanges, SEBI Preparing of MIS Dispatching documents to clients
7 Attending Calls, etc. Sending of letters / reports to clients, Exchanges, SEBI updation, data entry, uploading on SCORES Sending of letters / reports to clients, Exchanges, SEBI
8 Attending calls, etc Attending calls, etc

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