Authorized software compliance: members must submit affidavits confirming use of approved trading software and CTCL terminal controls. SEBI directed exchanges to obtain affidavits from members and sub-brokers confirming exclusive use of authorized trading software, that any CTCL facility uses exchange-approved software without unauthorized modification, and that CTCL terminals are located, operated and not redistributed or extended via alternative connectivity contrary to exchange approvals. Members must further declare that orders are executed in clients' names/codes at instructed quantities and prices, contract notes accurately reflect executed trades, and constituent terminals are not used by unregistered intermediaries.
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.
Authorized software compliance: members must submit affidavits confirming use of approved trading software and CTCL terminal controls.
SEBI directed exchanges to obtain affidavits from members and sub-brokers confirming exclusive use of authorized trading software, that any CTCL facility uses exchange-approved software without unauthorized modification, and that CTCL terminals are located, operated and not redistributed or extended via alternative connectivity contrary to exchange approvals. Members must further declare that orders are executed in clients' names/codes at instructed quantities and prices, contract notes accurately reflect executed trades, and constituent terminals are not used by unregistered intermediaries.
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