The National Stock Exchange (NSE) on April 13, 2023, issued a Circular regarding the Maintenance of a Website by Stock Brokers and Depository Participants
This has reference to circular no. NSE/COMP/ 55661 dated February 20, 2023, wherein the Trading Members were advised to maintain a designated website and display mandatory information to help the investors to keep themselves well informed about the various activities of the Trading Members.
The provisions of this circular shall come into effect from August 16, 2023
The following has been stated namely: -
• It states that all the Trading Members dealing in clientele business shall mandatorily display the information as provided in the Annexures A & B and update the information from time to time.
• The FAQs pertaining to the same have been provided in “Annexure C”
• It states that the link for submission of such information through the member portal shall be informed to the members through a separate circular.
• It states that the URL of the website is to be reported to the Exchange within a week of the circular coming into effect i.e., by August 24, 2023.
• The Trading Members are also required to note that any modification in the URL shall be reported to Exchange within 3 days of such changes
• In case of Failure to submit/upload the details within the prescribed timelines would be treated as non-compliance and attract penal/disciplinary action.
• All Trading Members are advised to take note of the above and ensure strict adherence to the compliance requirements.
[Circular No. 34/2023]
