Confidentiality of client information: exchanges must enforce non disclosure by employees and members, with penalties for breaches. Exchanges must reinforce employee and member obligations to maintain confidentiality of client information and prevent leakage of trade data, using ticker messages and circulars; confidentiality is required by the client broker agreement and clause (3) of Para B of Schedule II (Code of Conduct) of the stock broker regulations, and breaches may attract regulatory penalties.
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.
Confidentiality of client information: exchanges must enforce non disclosure by employees and members, with penalties for breaches.
Exchanges must reinforce employee and member obligations to maintain confidentiality of client information and prevent leakage of trade data, using ticker messages and circulars; confidentiality is required by the client broker agreement and clause (3) of Para B of Schedule II (Code of Conduct) of the stock broker regulations, and breaches may attract regulatory penalties.
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