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of <h1>SEBI Sets New Rules for Electronic Contract Notes: Client Consent, Digital Signatures, and Secure Access Required.</h1> The circular outlines additional conditions for issuing Electronic Contract Notes (ECNs) by stock exchange members. Members must obtain client consent to send ECNs electronically, ensure delivery via email, and use digital signatures for security. Proof of delivery must be maintained, and physical contract notes are required if electronic delivery fails. ECNs should also be accessible on a secure website with unique client login credentials. Members must preserve electronic documents per regulations. Stock exchanges are instructed to amend their rules, inform members, and report implementation status to SEBI, aiming to protect investor interests and regulate the securities market.
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