Client collateral monitoring: reporting streamlined, certain broker reports discontinued while G Principle retained and exchanges must implement. SEBI discontinues certain broker reporting requirements and deletes Clause 15.5.2 and Tables 5-7 of the master circular, while modifying Clause 15.5.3 to reiterate the G Principle: available funds with the broker and clearing entities must always be equal to or greater than clients' ledger funds. Exchanges must implement the circular immediately, notify brokers, publish the changes, jointly issue operational guidelines and an SOP within 15 days, amend relevant bye laws and report implementation status to SEBI monthly.
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Provisions expressly mentioned in the judgment/order text.
Client collateral monitoring: reporting streamlined, certain broker reports discontinued while G Principle retained and exchanges must implement.
SEBI discontinues certain broker reporting requirements and deletes Clause 15.5.2 and Tables 5-7 of the master circular, while modifying Clause 15.5.3 to reiterate the G Principle: available funds with the broker and clearing entities must always be equal to or greater than clients' ledger funds. Exchanges must implement the circular immediately, notify brokers, publish the changes, jointly issue operational guidelines and an SOP within 15 days, amend relevant bye laws and report implementation status to SEBI monthly.
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