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

17 October 2016, 08:54 PM
Bombay Stock Exchange (BSE)
Bombay Stock Exchange (BSE)

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.

First Published: Monday, October 17, 2016 08:36 PM
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