SEBI vide its Circular dated 15th February, 2023 has mandated certain information to be published by stock brokers (SB) /depository participants (DP) on their respective websites.
A designated website brings in transparency and helps the investors to keep themselves well informed about the various activities of the Stock broker (SB) and Depository participant (DP). In view of the same, considering the advancement in technology and need to provide better services to the investors, all SBs and DPs have been mandated to maintain a designated website.
Such website shall mandatorily display the following information, in addition to all such information, which have been mandated by SEBI/stock exchanges/depositories from time to time.
- Basic details of the SB/DP such as registration number, registered address of Head Office and branches, if any.
- Names and contact details such as email ids etc. of all key managerial personnel (KMPs) including compliance officer.
- Step-by-step procedures for opening an account, filing a complaint on a designated email id, and finding out the status of the complaint, etc.
- Details of Authorized Persons.
The URL to the website of a SB or DP would be reported to the stock exchanges or depositories within a week of this circular coming into effect. Any modification in the URL need to be reported within three days of such changes.
This Circular is applicable to all Recognized Stock Exchanges, Recognized Depositories, Stock Brokers through recognized Stock Exchanges, Depository Participants through recognized Depositories and shall come into force from 16th August, 2023.
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