Annexure B - Updated consolidated circular from october 01, 2017 to july 31, 2018
| ITEM NO. | SUBJECT |
|---|---|
| 1.1 | Account Opening Process |
| 1.2 | In-person verification IPV |
| 1.3 | Uploading KYC information with KYC Registration Agency KRA |
| 1.4 | Delivery of copy of duly completed Client registration forms |
| 1.5 | Allotment of two Trading Codes |
| 1.6 | Execution of Power of Attorney POA by clients in favor of stock broker / stock brokers |
| 1.7 | FAQs for NRIs on Trading Account |
| 1.8 | Guidelines on Identification of Beneficial Ownership |
| 1.9 | Client Registration Documents in vernacular language |
| 1.10 | Simplification of Account Opening Kit |
| 1.11 | Operationalization of Central KYC Records Registry CKYCR |
| 1.12 | Review of requirement of copy of PAN Card to open accounts of FPIs |
| 1.13 | Easing of access norms for investment by FPIs |
| 1.14 | Clarifications in respect of investment by certain Category II FPIs |
| ITEM NO. | SUBJECT |
|---|---|
| 2.1 | Issue of contract notes |
| 2.2 | Electronic issuance of contract notes |
| 2.3 | Format of Contract Notes |
| 2.4 | Statement of Securities Transaction Tax STT |
| 2.5 | Issuance of Contract Notes through STP in the Equity Derivatives Segment |
| 2.6 | Clarification on Brokerage, Statutory Levies and Regulatory Levies & Charges |
| 2.7 | Compliance with fit & proper requirement by Members in case of trading in securities of listed Stock Exchanges |
| 2.8 | Compliance with fit & proper requirement by Members in case of trading in securities of listed Depositories |
| 2.9 | Revised format of Common Contract note after incorporating GST requirements |
| ITEM NO. | SUBJECT |
|---|---|
| 3.1 | Margin Collection & Reporting Requirements |
| 3.2 | Daily Margin Statement |
| 3.3 | Collateral deposited by clients with members |
| 3.4 | Guidelines/clarifications on Margin collection & reporting |
| ITEM NO. | SUBJECT |
|---|---|
| 4.1 | Mode of payment and delivery |
| 4.2 | Receipt of funds in the form of Pre-funded instruments / Electronic fund transfers |
| 4.3 | Running Account Authorization and Actual settlement for funds & securities on monthly / quarterly basis |
| 4.4 | FAQs on Actual Settlement of Funds and Securities |
| 4.5 | Statement of Accounts |
| 4.6 | Financing of securities transactions and transfer of securities & funds |
| 4.7 | Clarifications on funding in connection with / incidental to /consequential upon the securities business |
| 4.8 | Use of client funds & Securities |
| 4.9 | Pledging of client securities |
| 4.10 | E-mail and SMS alerts to Investors |
| 4.11 | Timelines for Closure of financial accounts under Rule 114H 8 of the income Tax rules, 1962 under alternative procedure of FATCA |
| 4.12 | Prevention of Unauthorised Trading by Stock Brokers |
| 4.13 | Issuance of Annual Global Statement |
| 4.14 | Discontinuation of acceptance of cash by Stock Brokers |
| 4.15 | Clarification on physically settled Equity Derivatives |
| ITEM NO. | SUBJECT |
|---|---|
| 5.1 | Guidelines for location of CTCL terminals and usage thereof |
| 5.2 | Use of terminals, placing of notice boards |
| ITEM NO. | SUBJECT |
|---|---|
| 6.1 | Dealings by branches, intermediaries, Sub Brokers, authorised persons etc |
| 6.2 | Inspection of Sub Brokers / branches |
| 6.3 | Notification under regulation 3 of the Securities and Exchange board of India Certification of Associated Persons in the Securities Markets Regulations, 2007 |
| 6.4 | Transactions outside the trading system of the Exchange |
| 6.5 | Unauthenticated news circulated by SEBI Registered Market Intermediaries through various modes of communication |
| 6.6 | Guidelines on Outsourcing of Activities by Intermediaries |
| 6.7 | Submission of Designated Director details to FIU-IND |
| 6.8 | Enhanced Supervision of Stock Brokers |
| 6.9 | Reporting of Bank & Demat Accounts |
| 6.10 | System for submission of data for monitoring of clients’ funds lying with the stock broker |
| 6.11 | Issuance of Audio/ Video Tutorial for Internal Audit Submission |
| ITEM NO. | SUBJECT |
|---|---|
| 7.1 | Maintenance of books of accounts and other documents, Preservation of records |
| 7.2 | Maintenance of client wise, scrip wise Register of Securities |
| 7.3 | Format of Register of Securities |
| ITEM NO. | SUBJECT |
|---|---|
| 8.1 | Compliance Calendar |
| 8.2 | Display of details by stock brokers including trading members |
| ITEM NO. | SUBJECT |
|---|---|
| 9.1 | List of common violations and applicable penalties CM Segment, WDM, F&O segments and CD Segment |
| 9.2 | Revision in Charges/Penalty norms |
| 9.3 | Observations made during Inspections/Reported in Internal Audit Reports |
| 9.4 | Indicative list of penalties/actions to be initiated regarding audit observations in Internal Audit Reports to be submitted for the half year ending on 31st March 2011 and onwards |
Updated on: 02/01/2023
