https://www.taxtmi.com/circulars?id=64631 SEBI prescribes retention and release timelines for security deposits after approval of Trading Member surrender: client-facing members' deposits are to be released only after the earlier of three years from receipt of surrender application or five years from disablement of trading terminals; members who conducted only proprietary trading in the preceding three years have deposits released after the earlier of one year from receipt of surrender application or three years from disablement. Exchanges must amend bye-laws, notify members, provide website dissemination, report implementation to SEBI, and maintain arbitration mechanisms for claims. en-us Wed, 06 Jan 2021 00:00:00 +0530 Wed, 06 Jan 2021 18:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=64631 SEBI prescribes retention and release timelines for security deposits after approval of Trading Member surrender: client-facing members' deposits are to be released only after the earlier of three years from receipt of surrender application or five years from disablement of trading terminals; members who conducted only proprietary trading in the preceding three years have deposits released after the earlier of one year from receipt of surrender application or three years from disablement. Exchanges must amend bye-laws, notify members, provide website dissemination, report implementation to SEBI, and maintain arbitration mechanisms for claims. Circulars SEBI Wed, 06 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/circulars?id=64631