Based on representations received from Members, Exchange is pleased to issue revised guidelines/clarifications on Margin collection & reporting.
All Trading Members are requested to take note of the below and comply while collecting margin from their clients and reporting:
I. Revised guidelines/clarification on margin collection & reporting is enclosed as Annexure A.
II. A format of daily margin statement which stipulates minimum information to be provided to clients is enclosed as Annexure B.
Further, SEBI has issued circular No. SEBI/HO/MIRSD/DOP/CIR/P/2020/143 dated July 29, 2020, on the subject “Implementation of SEBI circular on ‘Margin obligations to be given by way of Pledge / Re-pledge in the Depository System”. The copy of the said SEBI circular is enclosed as Annexure C for your reference.
Members are requested to take note of the contents of the circular and comply.
In case of any clarification required you may connect:
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Particulars
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Name of officials
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Contact No
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Email id
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For queries
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Josephine/Prakash/Vikash/ Tushar
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22728598/8895/8997/8217
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bse.inspection@bseindia.com
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For and on behalf of BSE Ltd.
Kiran Sawant
Asst. General Manager
(Brokers’ Supervision) |