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of <h1>SEBI Updates: Brokers Can Share Client Info with Third Parties with Explicit Consent, Amends Previous Notification Requirement.</h1> The circular from the Securities and Exchange Board of India (SEBI) addresses the confidentiality of client information in stock exchanges. It amends a previous directive by removing the requirement for brokers to notify SEBI before disclosing client information. Brokers are now permitted to share client details with third parties, provided they obtain explicit consent from the client. The revised clause mandates brokers to maintain client information confidentially, disclosing it only as legally required or with the client's express permission. Stock exchanges are instructed to implement these changes in the Member Client Agreement.
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