https://www.taxtmi.com/circulars?id=58814 Institutional investors may authorise investment managers to use Direct Market Access subject to written agreements or undertakings that allocate responsibility to the institution; investment managers may execute documents on the institution's behalf. Broker client agreements must identify the investment manager, specify its role and regulatory status, and contain safeguards to limit DMA use to authorised clients. Exchanges and brokers must maintain audit trails to establish ultimate client identity, and exchanges may adopt additional safeguards as necessary. en-us Fri, 20 Feb 2009 00:00:00 +0530 Sat, 29 Dec 2018 17:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58814 Institutional investors may authorise investment managers to use Direct Market Access subject to written agreements or undertakings that allocate responsibility to the institution; investment managers may execute documents on the institution's behalf. Broker client agreements must identify the investment manager, specify its role and regulatory status, and contain safeguards to limit DMA use to authorised clients. Exchanges and brokers must maintain audit trails to establish ultimate client identity, and exchanges may adopt additional safeguards as necessary. Circulars SEBI Fri, 20 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58814