Obligations of the stock broker and its employees

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....lance systems and shall obtain adequate information to determine and verify the identification of the clients who have or propose to have accounts with such stock brokers or conduct any transaction related to the securities market through the aid or agency of such stock broker. (2) The stock broker shall, having regard to the nature of business and the size of its operations, establish and mainta....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....all be set at a reasonable level and be documented along with clear rationale for the same. (6) The Board of Directors or persons of other equivalent or analogous rank of the stock broker shall review and update the systems, processes, and control procedures on a periodic basis and in any case not less than once in a calendar year, to keep pace with the developments in the securities market and r....