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of <h1>Stock broker handling of client funds and collateral u/reg 18: strict segregation, audits, cyber security, best execution duties</h1> Regulation 18 prescribes additional obligations for stock brokers, including continuous availability of clients' funds, client-level allocation and segregation of collaterals, upstreaming of client funds, and strict segregation of client money and securities from proprietary and other clients' accounts, prohibiting use except as permitted under applicable securities laws and exchange requirements, thereby safeguarding client assets. It mandates a sound risk management system, adequate internal controls, compliance with specified audit requirements and KYC registration agency norms, and confidentiality of client information, limiting disclosure to legal requirements or written client consent. It requires a robust cyber security and cyber resilience framework, continuous enrolment on SCORES/ODR (or specified platforms), adherence to advertising and outsourcing guidelines, compliance with all applicable securities and exchange provisions, compliance with the Investor Charter, and faithful execution of client orders at the best available market price.
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