https://www.taxtmi.com/circulars?id=59156 The circular requires brokers to ensure client collateral is used only to meet the respective client's margin requirements and pay-ins, maintain an audit trail of collateral receipt, client authorisations, deposits with exchanges/clearing corporations, returns, and crediting of corporate actions, and to reconcile these records periodically. Brokers must issue daily collateral utilization statements to clients with a breakdown by cash, FDRs, bank guarantees and securities. Exchanges must investigate complaints, inspect brokers, impose deterrent penalties for mis utilisation, amend bye laws, disseminate the provisions, and report implementation to the regulator. en-us Thu, 17 Apr 2008 00:00:00 +0530 Thu, 17 Jan 2019 16:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=59156 The circular requires brokers to ensure client collateral is used only to meet the respective client's margin requirements and pay-ins, maintain an audit trail of collateral receipt, client authorisations, deposits with exchanges/clearing corporations, returns, and crediting of corporate actions, and to reconcile these records periodically. Brokers must issue daily collateral utilization statements to clients with a breakdown by cash, FDRs, bank guarantees and securities. Exchanges must investigate complaints, inspect brokers, impose deterrent penalties for mis utilisation, amend bye laws, disseminate the provisions, and report implementation to the regulator. Circulars SEBI Thu, 17 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/circulars?id=59156