Dealings between a client and a stock broker (trading members included)

SEBI circular : MIRSD/ SE /Cir-19/2009

With a view to instill greater transparency and discipline in the dealings between the clients and the stock brokers, it has been decided, in consultation with Investor Associations, Secondary Market Advisory Committee of SEBI (SMAC), market participants and major stock exchanges, that the stock brokers shall comply with the requirements as annexed to this circular.

The stock brokers shall take necessary steps to implement this circular immediately and ensure its full compliance in respect of all clients – existing or new – at the latest by 31st March 2010.

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