Clarification on circular dated December 3, 2009 on ‘Dealings between a Client and a Stock broker

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....circular dated December 3, 2009 on 'Dealings between a Client and a Stock broker 1. This is with reference to SEBI circular No. MIRSD/SE/Cir-19/2009 dated December 3, 2009 wherein the stock brokers were directed to comply with the requirements as annexed to the aforesaid circular. 2. Subsequent to the issuance of the aforesaid circular, SEBI has received representations from market participants ....

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....ontinue until it is revoked by the clients." The above modifications would simplify and rationalize the requirements while protecting the interest of investors. 4. The Stock Exchanges are directed to bring the provisions of this circular to the notice of the stock brokers and also disseminate the same on their websites. The stock exchanges shall also make necessary amendments to the relevant bye....