https://www.taxtmi.com/notifications?id=142120 A new Chapter IVA mandates that stock brokers establish and maintain systems for surveillance of trading activities, robust know your client procedures, documented internal controls with defined roles, customized alert thresholds, and processes to detect mule accounts. Senior management and Designated Directors must implement and periodically review these systems. Detected suspicious activity must be reported to stock exchanges within prescribed timelines and summarized in half yearly reports; governance bodies must review compliance quarterly. A documented whistle blower policy with confidentiality and protection procedures is required. en-us Thu, 27 Jun 2024 00:00:00 +0530 Mon, 01 Jul 2024 10:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=142120 A new Chapter IVA mandates that stock brokers establish and maintain systems for surveillance of trading activities, robust know your client procedures, documented internal controls with defined roles, customized alert thresholds, and processes to detect mule accounts. Senior management and Designated Directors must implement and periodically review these systems. Detected suspicious activity must be reported to stock exchanges within prescribed timelines and summarized in half yearly reports; governance bodies must review compliance quarterly. A documented whistle blower policy with confidentiality and protection procedures is required. Notifications SEBI Thu, 27 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/notifications?id=142120