The National Stock Exchange of India Limited (NSE) on August 29, 2024, issued a circular regarding inspection of brokers and common irregularities observed.
The following has been stated: -
•SEBI has issued a Master Circular for Stock-Brokers, ref no. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2024/110 dated August 9, 2024, wherein the Exchanges are advised to publish the illustrative list of common violations/deficiencies observed by SEBI during the inspections of Trading Members.
•Accordingly, the list of common violations/deficiencies observed by SEBI during the inspections of Trading Members for the period April 2023 to March 2024 is enclosed as Annexure A of this Circular.
•All Trading Members are advised to take note of the areas listed, put in place necessary systems and procedures to strengthen their compliance level, and ensure adherence to the relevant compliance requirements.
[Circular Ref. No. 56/2024]
