STRICTER BROKER -CLIENT RULES
Capital market regulator SEBI has tightened key clauses in the client-broker agreement, as part of its
attempts to curb the misuse of client money by brokers. As per, SEBI stock brokers should maintain
a book containing all the mandatory and non- mandatory documents required for registering a client.
To make the agreement more investor-friendly and less cumbersome, brokers should mandatory maintain the member-client agreement, know your client (KYC) form and the risk disclosure document Brokers will have to ensure compliance with the new norms latest by 31st March 2010.
attempts to curb the misuse of client money by brokers. As per, SEBI stock brokers should maintain
a book containing all the mandatory and non- mandatory documents required for registering a client.
To make the agreement more investor-friendly and less cumbersome, brokers should mandatory maintain the member-client agreement, know your client (KYC) form and the risk disclosure document Brokers will have to ensure compliance with the new norms latest by 31st March 2010.
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