https://www.taxtmi.com/circulars?id=58042 Permits modification of client codes for non institutional trades only to rectify genuine entry errors-defined as communication/punching/typing mistakes with similar original and corrected codes or modifications among defined relatives. Trades shifted to a broker's Error account are not treated as code modifications if liquidated in the market and not moved to other codes; brokers must disclose error account codes, maintain an approved error policy, and exchanges will monitor flows. Exchanges allowing modifications must set Board approved objective criteria, monitor compliance, include modifications in internal audits, prohibit conversion between proprietary and client trades, levy penalties credited to the Investor Protection Fund, and may grant limited waivers with quarterly reporting to SEBI. en-us Fri, 19 Aug 2016 00:00:00 +0530 Wed, 05 Dec 2018 18:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58042 Permits modification of client codes for non institutional trades only to rectify genuine entry errors-defined as communication/punching/typing mistakes with similar original and corrected codes or modifications among defined relatives. Trades shifted to a broker's Error account are not treated as code modifications if liquidated in the market and not moved to other codes; brokers must disclose error account codes, maintain an approved error policy, and exchanges will monitor flows. Exchanges allowing modifications must set Board approved objective criteria, monitor compliance, include modifications in internal audits, prohibit conversion between proprietary and client trades, levy penalties credited to the Investor Protection Fund, and may grant limited waivers with quarterly reporting to SEBI. Circulars SEBI Fri, 19 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58042