https://www.taxtmi.com/circulars?id=60211 SEBI allows a further period for clients to obtain Unique Identification Numbers for margin trading, during which brokers must take undertakings and perform due diligence to prevent a client using margin facilities with more than one broker. Exchanges may continue existing settlement-shortage handling until their clearing corporations register under the securities lending and borrowing scheme. The arbitration clause in the model margin agreement is deleted. Revised broker exposure norms require that maximum allowable exposure stay within prudential limits, not exceed borrowed funds plus half of net worth, and that exposure to any single client not exceed ten percent of lendable resources. en-us Wed, 31 Mar 2004 00:00:00 +0530 Mon, 18 Mar 2019 11:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=60211 SEBI allows a further period for clients to obtain Unique Identification Numbers for margin trading, during which brokers must take undertakings and perform due diligence to prevent a client using margin facilities with more than one broker. Exchanges may continue existing settlement-shortage handling until their clearing corporations register under the securities lending and borrowing scheme. The arbitration clause in the model margin agreement is deleted. Revised broker exposure norms require that maximum allowable exposure stay within prudential limits, not exceed borrowed funds plus half of net worth, and that exposure to any single client not exceed ten percent of lendable resources. Circulars SEBI Wed, 31 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/circulars?id=60211