Securities and Exchange Board of India

12.07.2016

Capital Market

Simplification of Account Opening Kit

MANU/SDEP/0002/2016

The Securities and Exchange Board of India negated the need for physical presence of a stockbroker or depository participant at the opening of a trading account.

While previously a stockbroker or depository participant was required to provide a copy of several standard documents part of the account opening kit to clients physically, now the same can be made available electronically or as hard-copy.

Relevant

Simplification and Rationalization of Trading Account Opening Process MANU/SSMD/0047/2011

Tags : Trading account capital market stockbroker

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