SEBI mandates Stock Brokers/Depository Participants to maintain a website to keep investors informed
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- Last Updated on 18 February, 2023
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Circular No. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/30 dated: 15.02.2023
SEBI, through various circulars, has mandated certain information to be published by stock brokers (SB)/depository participants (DP) on their respective websites. A designated website brings in transparency and helps investors to keep themselves well informed about various activities of the SB/DP.
In view of the same, considering the need to provide better service to the investors, the SEBI has mandated SB/DP to maintain a designated website. Such a website shall mandatorily display the following information –
(a) Basic details of the SB/DP such as registration number, registered address of Head Office and branches, if any.
(b) Names and contact details such as email ids etc. of all key managerial personnel (KMPs) including the compliance officer.
(c) Step-by-step procedures for opening an account, filing a complaint on a designated email id, finding out the status of the complaint, etc.
(d) Details of Authorized Persons.
Further, the URL to the website of a SB/ DP shall be reported to the stock exchanges/ depositories within a week of this circular coming into effect and modifications if any in the URL shall be reported within 3 days of changes. The provisions of the circular shall come into effect from 16.08.2023.
Click Here To Read The Full Circular
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