/ Relaxes Certain Disclosure For Brokers & Depository Participants – SEBI ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Friday, 23 June 2017

Under the enhanced supervision guidelines SEBI has relaxed certain disclosure requirements for the stock brokers and the depository participants. This was introduced by the market regulator in September 2016, which was coming into effect from April 1 of this year.

The SEBI and the Exchange Board of India also has made certain relaxations. The stock brokers which will not provide details of the bank accounts which were holding their funds to the exchanges.

The demo account is also having the stock brokers to own securities. SEBI said that proprietary bank and demat account of the stock brokers as the stock broker- proprietary Account.

The stock broker is also a bank, which helps to require to report to the stock exchanges and after that that account which will be used for their stock broking activities.

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