MANU/SDEP/0002/2016

Ministry : Securities and Exchange Board of India

Department/Board : Market Intermediaries Regulation and Supervision Department

Circular No. : CIR/MIRSD/64/2016

Date : 12.07.2016

Notification/ Circulars Referred : No. MIRSD/ SE /Cir-19/2009 dated December 3, 2009 MANU/SSMD/0040/2009;No. CIR/MIRSD/16/2011 dated August 22, 2011 MANU/SSMD/0047/2011;No. CIR/MIRSD/12/2013 dated December 04, 2013 MANU/SDEP/0037/2013

Citing Reference:
No. MIRSD/ SE /Cir-19/2009 dated December 3, 2009 MANU/SSMD/0040/2009  Referred

No. CIR/MIRSD/16/2011 dated August 22, 2011 MANU/SSMD/0047/2011  Referred

No. CIR/MIRSD/12/2013 dated December 04, 2013 MANU/SDEP/0037/2013  Referred

1. All Recognized Stock Exchanges
2. Stock Brokers through Recognized Stock Exchanges
3. All recognised Depositories
4. Depository Participants through Depositories

Dear Sir/ Madam,

Simplification of Account Opening Kit

1. Presently, a stock broker/ depository participant is required, in terms of SEBI circulars: (a) No. MIRSD/ SE /Cir-19/2009 dated December 3, 2009, (b) No. CIR/MIRSD/16/2011 dated August 22, 2011, and (c) No. CIR/MIRSD/12/2013 dated December 04, 2013, to provide a copy of the following standard documents, which are part of the account opening kit, to the clients:

a. Rights & Obligations of stock broker, sub-broker and client for trading on exchanges (including additional rights & obligations in case of internet/ wireless technology based trading);

b. Rights and Obligations of beneficial owner and depository participant as prescribed by SEBI and depositories;

c. Uniform Risk Disclosure Documents (for all segments/ exchanges); and