The National Stock Exchange International Exchange (NSE IX) on July 09, 2024, notified regarding the Settlement of Client Funds lying with the Broker Dealer.
The following has been stated namely: -
• It is in reference to the IFSCA circular IFSCA/CMD-DMIIT/SOF/2023-24/001 dated March 14, 2024, and Exchange circular NSEIFSC /REG/1643 dated April 10, 2024, regarding the settlement of client funds lying with broker-dealers.
• It states that all the members who have onboarded clients shall be required to submit a report in the format attached as Annexure A to the Exchange for monitoring of client funds lying with the broker-dealers on June 30, 2024, by way of an email to [email protected] on or before July 20, 2024, with the subject line “Monitoring of Client Funds – June 30, 2024.
[Circular no. - NSEIFSC/REG/1745]
