Direct Market Access - Clarification

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..... Mumbai 400001 The Managing Director National Stock Exchange of India Ltd., Exchange Plaza Bandra Kurla Complex Bandra (E) Mumbai- 400 051 Dear Sir, Sub: Direct Market Access - Clarification 1. This is further to the SEBI circular no. MRD/ DoP/SE/Cir- 7 /2008 dated April 03, 2008 regarding introduction of f .....

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..... ibilities of the investment manager, and contain adequate safeguards to ensure that DMA facility is utilized to execute trades of only those institutions for which the investment manager is authorized. c. The exchange/ broker shall ensure that proper audit trails are available to establish identity of the ultimate client. d. The exchange may put in place such other safeguards as it deems fit .....

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