The India International Exchange (INX), on July 18, 2024, issued a Circular related to the Settlement of the Client’s Funds lying with Broker Dealers.
members who have onboarded clients shall be required to submit a quarterly report to the Exchange for monitoring of clients’ funds lying with them in the format prescribed by the Exchange on or before the 25th day of the next month of each Quarter (i.e., e.g. July 25, 2024, October 25, 2024, January 25, 2025, April 25, 2025 and on continuous basis for all the clients) in case on due date is a trading holiday, then such settlement shall happen on the previous trading day.
Report for each quarter, (in prescribed format) shall be submitted to the Exchange through an email to [email protected].
[Notification No.20240718-1]
