The trading member (TM) is required to enter into an agreement in the specified format provided by NSE.

The agreement should contain all the clauses mentioned in Uniform Documentary Requirement (UDR).

Under ―Know Your Client (KYC) requirements, the TM should seek information such as: investor risk profile, financial profile, investor identification details, address details, income, PAN number, employment, age, investments experience, trading preference.

Under Member Constituent Agreement (MCA), trading members are required to make the constituent/clients aware of 

(a) trading segment to which TM is admitted, 

(b) particulars of SEBI registration number, 

(c) the precise nature of the trading member ‘s liability for business to be conducted, 

(d) basic risks involved in trading on the Exchange

In order to assess the risk involved in trading, TM is required to issue Risk Disclosure Document (RDD) in such format, as may be prescribed by the Exchange from time to time and should obtain the same from his constituents duly signed.