BSE asks brokers to submit bank, demat a/c details by Oct 26



Putting in place enhanced supervision framework for stock brokers, BSE has asked them to submit the details of all their existing bank and demat accounts in a specified format by October 26.

The move comes after markets regulator SEBI, had last month, issued a detailed set of guidelines for the monitoring of stock brokers’ financial strength as well as detecting any misutilisation of clients’ funds.

Bank FD Rates are Falling

"Individuals are asked for to present the subtle elements of all their current bank and demat accounts in the predefined organize most recent by October 26, 2016," BSE said in a round. 

Encourage, insights about all new bank and demat records would be educated to the trade inside one week of the opening of the record, it included. 

Additionally, "an office is being given by the trade whereby individuals can report points of interest of their bank and demat records to the trade, electronically," the trade included.

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