NSE issued a circular regarding the Settlement of Client Funds lying with Broker Dealers

Jan 03, 2025 | by TeamLease RegTech Legal Research Team

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Secretarial ComplianceThe National Stock Exchange (NSE) on January 03, 2025, issued a circular regarding the Settlement of Client Funds lying with Broker Dealers.

It is stated that all such members who have onboarded clients shall be required to submit a report to the Exchange for monitoring of client funds lying with the broker dealers.

The Broker Dealers shall submit the report as on December 31, 2024, in the prescribed format, by way of an email to [email protected] on or before January 20, 2025 with the subject line “Monitoring of Client Funds – December 31, 2024.” 

[Circular No: 085/2024]

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