Enhanced supervision data submission clarified with revised timelines and client exemptions; internal auditor compliance monitoring required. Clarifies enhanced supervision data submission by stock brokers: submit client data as of the last trading day within prescribed periodic timelines with an initial monthly submission window transitioning to weekly submissions; exclude custodian settled clients and clients with zero balances who have not traded in the last twelve months; specified sub clause submissions to be made within seven calendar days. Stock Exchanges must ensure Internal Auditors monitor brokers' corrective actions on inspection deficiencies and include compliance status in internal audit reports, notify brokers and amend rules for uniform implementation.
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Enhanced supervision data submission clarified with revised timelines and client exemptions; internal auditor compliance monitoring required.
Clarifies enhanced supervision data submission by stock brokers: submit client data as of the last trading day within prescribed periodic timelines with an initial monthly submission window transitioning to weekly submissions; exclude custodian settled clients and clients with zero balances who have not traded in the last twelve months; specified sub clause submissions to be made within seven calendar days. Stock Exchanges must ensure Internal Auditors monitor brokers' corrective actions on inspection deficiencies and include compliance status in internal audit reports, notify brokers and amend rules for uniform implementation.
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