Circular on Prevention of Unauthorised Trading by Stock Brokers

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..... This master circular consolidates and updates the requirements/obligations with regard to Prevention of Unauthorised Trading by Stock Brokers prescribed by the following circulars: A. CIR/HO/MIRSD/MIRSD2/CIR/P/2017/108 dated September 26, 2017 B. CIR/HO/MIRSD/MIRSD2/CIR/P/2017/124 dated November 30, 2017 C. CIR/HO/MIRSD/MIRSD2/CIR/P/2018/109 dated January 11, 2018 Prevention of Unau .....

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..... ail from authorized email id, d. Log for internet transactions, e. Record of messages through mobile phones, f. Any other legally verifiable record. When a dispute arises, the broker shall produce the above mentioned records for the disputed trades. However for exceptional cases such as technical failure etc. where broker fails to produce order placing evidences, the broker shall ju .....

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..... ion of the dispute. VI. If SEBI desires that specific records be preserved then such records shall be kept till further intimation by SEBI. VII. The earlier circulars on the same subject mentioned in Para 1 of this Master Circular stand rescinded. VIII. This master circular shall continue to be effective from 1st April 2018. IX. The Stock Exchanges are directed to: a. bring the prov .....

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