Client account opening form requirement revised with Board-specified format and failure to maintain it treated as non-compliance. The Regulations require the client account opening form to be in a format specified by the Board and substitute Regulation 26(xii) to state 'Failure to maintain client account opening form,' creating a clear compliance obligation. Schedule II is amended by omitting clause D of the Code of Conduct for Stock Brokers and deleting sub-clause (4) of clause C in the Code of Conduct for Sub-Brokers. The amendments come into force on publication in the Official Gazette.
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Client account opening form requirement revised with Board-specified format and failure to maintain it treated as non-compliance.
The Regulations require the client account opening form to be in a format specified by the Board and substitute Regulation 26(xii) to state "Failure to maintain client account opening form," creating a clear compliance obligation. Schedule II is amended by omitting clause D of the Code of Conduct for Stock Brokers and deleting sub-clause (4) of clause C in the Code of Conduct for Sub-Brokers. The amendments come into force on publication in the Official Gazette.
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