News Nation Logo

BSE instructs stock brokers to provide details of bank and demat accounts by October 26

Bombay Stock Exchange Has Asked Stock Brokers To Submit Details Of Their Existing Bank And Demat Accounts In A Specified Format By October 26.

PTI | Updated on: 17 Oct 2016, 08:54:51 PM
Bombay Stock Exchange (BSE)

New Delhi:

India's premier stock exchange BSE has asked stock brokers to submit  details of their existing bank and demat accounts in a specified format by October 26.

The move comes after market regulator Sebi, issued a detailed set of guidelines in September to monitor stockbrokers' financial strength along with detecting anymisutilisation of clients' funds.

"Members are requested to submit the details of all their existing bank and demat accounts in the specified formatlatest by October 26, 2016," BSE said in a circular.

Further, details about all new bank and demat accounts would be informed to the exchange within one week of theopening of the account, it added.

Besides, "a facility is being provided by the exchange whereby members can report details of their bank and demataccounts to the exchange, electronically," the exchange added.

For all the Latest Business News, Finance & Markets News, Download News Nation Android and iOS Mobile Apps.

First Published : 17 Oct 2016, 08:36:00 PM