The Securities Exchange Board of India (SEBI) on June 21, 2023, issued a notification regarding Trading Preferences by Clients.
•SEBI, vide Annexure – 3 of the circular no. CIR/MIRSD/16/2011 dated August 22, 2011(now rescinded due to issuance of Master Circular for Stock Brokers dated May 17, 2023), prescribed trading account-related details, which clients would need to provide while opening a trading account with a stockbroker.
Vide, Para C of the Annexure, the format of Trading Preferences has been prescribed in the document.
•Accordingly, Para C of Annexure – 8 of “Master Circular for Stock Brokers” with reference no. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/71 dated May 17, 2023, stands modified as mentioned in the document.
All stock brokers are mandated to register their new clients on all the active stock exchanges after obtaining the trading preferences as per the format mentioned in the document attached.
The provisions of this circular shall come into force with effect from August 01, 2023.
[Notification No. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/95]
