Company Briefing

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Compliance for Stock Exchange Broker 2/2

  Compliance for Stock Exchange Broker 1/2 Compliance for Stock Exchange Broker Continued Part of Regulatory Compliance applicable for Stock Exchange Broker as follows. Compliance on Leveraged Trading The Broker must ensure that no transaction is executed in the leveraged market unless an appropriate agreement has been executed and; The Broker has; Fully disclosed all the risks involved in the relevant transactions. Explained all the options to the client in respect of various financing facilities. Evaluated credit worthiness of the client. Maintained adequate records of agreement, disclosure of risks and explanation of available options.   ¬†Compliance on Trading by employees Broker must ensure that it has given...

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Compliance for Stock Exchange Broker 1/2

    Compliance for Stock Exchange Broker   We have compiled Regulatory Compliance applicable for Stock Exchange Broker as follows. ¬† Compliance at client level   Confirmations of the orders by the clients are required to be transmitted within 24 hours of the execution of the order. The Broker must not pledged any of the shares of the client. The Broker must compiled with all the requirements of Standardized Account Opening Form. All transactions by the clients in terms of buying, selling, payments, receipts, margins, commission are recorded in in books of accounts on timely, adequately and proper manner. Maintenance of record of credit and extension of...

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