The SEBI on May 19 2023 issued a circular which states the following :
It state that in order to facilitate informed decision making by the investors trading the derivative segment. It has been decided to introduce Risk disclosure with respect to trading in equity Future & Options segment
It state that all the stock broker shall display the “Risk disclosure” given in the annexure -I on their website and to all their clients in the as follows namely:-
Upon login into their trading accounts with brokers, the clients may be prompted to read the ‘Risk disclosures’ (which may appear as a pop-up window upon login) and shall be allowed to proceed ahead only after acknowledging the same.
The ‘Risk disclosures’ shall be displayed prominently, covering at least 50 percent area of the screen.
All Qualified Stock Brokers (QSBs) shall maintain the Profit and Loss (P&L) data of their clients on continuous basis as per the format given at Annexure-II. The P&L data of the clients shall be retained for at least 5 years.
Link:https://www.sebi.gov.in/legal/circulars/may-2023/risk-disclosure-with-respect-to-trading-by-individual-traders-in-equity-futures-and-options-segment_71426.html
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