In order to tackle issues related to diversion of client securities, the market regulator, SEBI has decided to put in place an early warning mechanism which will help to sharing information between the stock exchanges, depositories and clearing corporations to detect the diversion of client’s securities.
from taxmann.com News https://www.taxmann.com/topstories/222330000000017310/sebi-proposes-early-warning-mechanism-to-prevent-diversion-of-client’s-securities.aspx
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