INVESTOR PROTECTION - SEBI makes it mandatory for brokers to report client-level collateral, releases framework; trading member, clearing member be WARY - No MISUSE
The Securities and Exchanges Board of India on Tuesday has made it mandatory for brokers to report client-level collateral in an apparent framework for segregation and monitoring of collateral at the client level on the back of amid instances of misuse of client collateral by trading members.
The measures laid out by SEBI are expected to strengthen the mechanism of client protection from misuse: PTI