Circular regarding maintenance of current accounts in multiple banks by stock brokers (dated – 28.10.2021) – SEBI.
View PdfCircular regarding maintenance of current accounts in multiple banks by stock brokers (dated – 28.10.2021) – SEBI.
- In order to facilitate seamless settlement of funds and for the convenience of investors, it is clarified that Stock Brokers should maintain current accounts in appropriate number of banks (subject to the maximum limit prescribed by Stock Exchanges/SEBI from time to time) for holding the client funds (i.e., Client Account), for settlement purposes (i.e., Settlement Account) and any other accounts mandated by Stock Exchanges such as Exchange Dues Account subject to the condition that brokers are using these accounts for their defined purposes.
