Securities and Exchange Board of India(Sebi) has proposed to standardise the format of trading preferences, in a bid to allow investors to access all the stock exchanges in which the stock brokers are registered for the same segment.
At present, clients have to give separate authorisation in case they want to trade on different stock exchanges for the same segment or on different segments.
Sebi has mandated all stock brokers to register their new clients on all the active stock exchanges after obtaining the trading preferences as per the new proposed format.
The provisions of this circular shall come into force with effect from August 01, 2023.
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