Securities trading using wireless technology authorised with mandatory security, authentication, disclosure, audit and server-localisation requirements. SEBI permits SEBI-registered brokers offering Internet-based trading to provide securities trading using wireless technology, subject to all Internet trading requirements and specified safeguards: secure access and encryption per DOT policy, user identification and authentication, unique client IDs, fallback communication for network failures, broker-client risk disclosures and concurrence, order confirmations and trade history, prohibition on storing session login details on devices, industry-standard network security and audit trails, broker servers located in India, periodic systems audits, investor education, and reporting of implementation to SEBI.
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.
Securities trading using wireless technology authorised with mandatory security, authentication, disclosure, audit and server-localisation requirements.
SEBI permits SEBI-registered brokers offering Internet-based trading to provide securities trading using wireless technology, subject to all Internet trading requirements and specified safeguards: secure access and encryption per DOT policy, user identification and authentication, unique client IDs, fallback communication for network failures, broker-client risk disclosures and concurrence, order confirmations and trade history, prohibition on storing session login details on devices, industry-standard network security and audit trails, broker servers located in India, periodic systems audits, investor education, and reporting of implementation to SEBI.
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