Can I read SEBI Guidelines for Upstreaming Client Funds on EtoBox?

SEBI Guidelines for Upstreaming Client Funds by kapeelvora81 is a document available to read on EtoBox.

What is SEBI Guidelines for Upstreaming Client Funds about?

SEBI has mandated stock brokers and clearing members to upstream all client funds to clearing corporations to protect investor interests, effective July 1, 2023. This includes specific guidelines for upstreaming via fixed deposits and mutual fund overnight schemes, as well as new account nomenclature for managing client funds. Compliance monitoring and reporting mechanisms are to be established by stock exchanges and clearing corporations to ensure adherence to these provisions.

Author

kapeelvora81

Language

EN