In order to provide clarity with regard to maintaining an account for clients’ securities, SEBI, after discussion with Stock exchanges, Depositories, and Clearing Corporation has issued new directions for Trading Members/Clearing Corporation (TM/CM) for handling Client unpaid Securities account. The new norms with regard to handling of client securities by TMs/CMs are discussed hereunder :
from taxmann.com News https://www.taxmann.com/topstories/222330000000018840/sebi-tightens-norms-on-handling-of-clients’-fund-and-securities-by-trading-members.aspx
No comments:
Post a Comment