SEBI Introduces a Trading Preference Format for Clients Across Different Stock Exchanges
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- Last Updated on 23 June, 2023
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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
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