Segregated nominee account structure in IFSC requires end client identification, UCC use, client level margining and reporting obligations. Permits a Segregated Nominee Account Structure in IFSC allowing eligible Providers to route foreign investor orders subject to registration and exchange laid eligibility norms; requires Provider due diligence, end client KYC/AML, assignment and use of a Unique Client Code for order entry, end client level margin computation with gross collection from Providers, Provider level margin reporting, monitoring of end client position limits, and exchange obligations to amend rules, implement systems and share trade and KYC information as requested.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Segregated nominee account structure in IFSC requires end client identification, UCC use, client level margining and reporting obligations.
Permits a Segregated Nominee Account Structure in IFSC allowing eligible Providers to route foreign investor orders subject to registration and exchange laid eligibility norms; requires Provider due diligence, end client KYC/AML, assignment and use of a Unique Client Code for order entry, end client level margin computation with gross collection from Providers, Provider level margin reporting, monitoring of end client position limits, and exchange obligations to amend rules, implement systems and share trade and KYC information as requested.
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