Implementation deadline for Model Tripartite Agreement extended to allow brokers and sub brokers additional time for compliance. The circular postpones the operative date for the Model Tripartite Agreement between brokers, sub brokers and clients from December to January to address software, system and administrative constraints; exchanges must notify member brokers and publish the circular, and the extension is issued under SEBI's regulatory powers to protect investors and regulate the securities market.
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Provisions expressly mentioned in the judgment/order text.
Implementation deadline for Model Tripartite Agreement extended to allow brokers and sub brokers additional time for compliance.
The circular postpones the operative date for the Model Tripartite Agreement between brokers, sub brokers and clients from December to January to address software, system and administrative constraints; exchanges must notify member brokers and publish the circular, and the extension is issued under SEBI's regulatory powers to protect investors and regulate the securities market.
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