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Easing mobile/email sharing rules for market alerts among family/authorized persons by brokers.

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Full Text of the Document

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....The circular amends the guidelines regarding uploading of mobile numbers and email addresses by stock brokers for sending SMS and email alerts to investors. Under exceptional circumstances, stock brokers can now upload the same mobile number/email for multiple clients belonging to the same family or authorized persons of non-individual clients like HUF, corporates, partnerships, or trusts upon their written request. The definition of family/authorized person is provided for individual and non-individual clients. Stock exchanges must notify members, update bye-laws, and implement the amended guidelines.....

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