The National Stock Exchange (NSE) on December 12, 2023, issued a circular regarding the Upstreaming of clients’ funds by Stock Brokers/ Clearing Members to Clearing Corporations
The following has been stated namely: -
• This has a reference to the SEBI's Circular No. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/187 dated December 12, 2023, on the subject “Upstreaming of clients’ funds by Stock Brokers (SBs) / Clearing Members (CMs) to Clearing Corporations (CCs)”.
•It states that the copy of the said SEBI circular is enclosed as Annexure 1 for reference.
• It further states that All the members are advised to take note of the same and comply.
[Circular No. NSE/INSP/59725]
