The National Stock Exchange (NSE) on September 06, 2024, notified regarding the Implementation Timeline - Policy on Handling of Good Till Cancelled Orders offered by Members to Clients.
As per Exchange circular, members are required to formulate a policy on Handling of Good Till Cancelled Orders for clients, include it in the Account Opening Form/Kit, display it on their website, and communicate it to existing clients. From December 01, 2024, this policy must be acknowledged and signed by new clients. For existing clients, the policy must be communicated by December 01, 2024, via email or other suitable mechanisms, with alternate communication methods such as SMS or physical delivery if the initial communication fails, adhering to guidelines on Electronic Contract Notes (ECN).
[Notification No. NSE/INSP/63789]
