Thursday, September 15, 2011

SEBI SIMPLIFIES PROCESS FOR OPENING ACCOUNTS

To simplify and rationalize the trading account opening process, stock market regulator Securities &
Exchange Board of India (SEBI) has replaced all client-broker agreements with the "Rights and
Obligations" document. "The client will now be required to sign only on one document: the Account
Opening Form. Further, in the same form, the client shall continue to put his signatures instead of saying 'yes' or 'tick mark' while indicating preferences for trading in different exchanges/segments, in
accordance with existing requirements."

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