SEBI Introduces a Trading Preference Format for Clients Across Different Stock Exchanges
- Blog|News|Company Law|
- < 1 minute
- By Taxmann
- |
- Last Updated on 23 June, 2023
Latest from Taxmann
Circular no. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/95; dated: 21.06.2023
SEBI has prescribed a standard format for seeking the trading preference of clients for the same segment in different exchanges. This is done to ensure that clients are permitted to access all the stock exchanges in which the stock brokers are registered for the same segment. Currently, clients need to provide separate authorisations/letters in case they want to trade on different stock exchanges for the same or different segments. The circular shall be effective from 01.08.2023.
Further, all stock brokers are mandated to register their new clients on all the active stock exchanges after obtaining the trading preferences as per the standard format. For existing clients, the stock brokers are mandated to offer them access to all the active stock exchanges for the segments already opted by them, as a default mode, within three months from the effective date of the circular and inform their respective clients through email/SMS.
Click Here To Read The Full Circular
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
Taxmann Publications has a dedicated in-house Research & Editorial Team. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava.
The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The team ensures that the following publication guidelines are thoroughly followed while developing the content:
- The statutory material is obtained only from the authorized and reliable sources
- All the latest developments in the judicial and legislative fields are covered
- Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications
- Every content published by Taxmann is complete, accurate and lucid
- All evidence-based statements are supported with proper reference to Section, Circular No., Notification No. or citations
- The golden rules of grammar, style and consistency are thoroughly followed
- Font and size that’s easy to read and remain consistent across all imprint and digital publications are applied
Sign Up
To subscribe to our weekly newsletter please log in/register on Taxmann.com
Latest Books
Everything on Tax and Corporate Laws of India
To subscribe to our weekly newsletter please log in/register on Taxmann.com
