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Corporate Laws Central Ministry of Finance Securities and Exchange Board of India Act, 1992

Issuance of standardized format of Trading Preferences for Clients

21-Jun-2023 | SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/95

Securities and Exchange Board of India has issued Circular regarding modification in the Master Circular for Stockbrokers dated May 17, 2023, effective from 1st August 2023

By virtue of the modification, SEBI has issued standardized format of Trading Preferences in order to ensure that clients are permitted to access all the stock exchanges in which the stockbrokers are registered for the same segment. All stockbrokers are mandated to register their new clients on all the active stock exchanges after obtaining the trading preferences as per the mentioned format. The provisions shall also be applicable to the clients registered in accordance with SEBI Circular No. SEBI/HO/MIRSD/DOP/CIR/P/2020/73 dated April 24, 2020. Stock Exchanges are directed to-
1. bring the provisions of this circular to the notice of stockbrokers and also disseminate the same on their websites.
2. make amendments to the relevant byelaws, rules and regulations for the implementation of the above provisions.
3. monitor the implementation and compliance of this circular through half yearly internal audit and inspection of the stockbrokers; and
4. communicate to SEBI, the status of the implementation of the provisions of this circular in their monthly development report

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