The Bombay Stock Exchange (BSE) on January 19, 2024, issued a notification 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 reference to SEBI 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 operational guidelines and SOP for monitoring the implementation of provisions of the aforesaid circular (including the determination of cut-off times) have been framed in consultation with relevant stakeholders and have been attached as Annexure 1.
• It is advised to take note of the above and comply.
Kindly refer to the document to view the Annexure
[Notification No. 20240119-30]
