SEBI: The Securities and Exchange Board of India said in a circular that giving information about various activities of stock brokers and depository participants on the specified website would provide relevant information to investors and would also help in bringing transparency.
Share Market Rules: If you also invest in the share market, then this news is useful for you. Market regulator SEBI (SEBI) has made website operation necessary for all stock brokers and depositories for the purpose of bringing transparency.
The Securities and Exchange Board of India (SEBI) said in a circular that by providing information on the specified website about various activities of stock brokers and depository participants, investors will get relevant information and will also help in bringing transparency.
Operation of personal website mandatory
SEBI said that in view of the advancement in technology and the need to provide better service to investors, it has been made mandatory for all stock brokers and depositories to operate their respective websites. In addition to their registration, office address and branch, details of names and contact numbers of all key officials will be available on such website.
Apart from this, point-wise information about opening of account for a potential customer will also have to be given on the website. Information about the procedure for registering complaints on the specified e-mail and the current status of the complaint will also be required to be given on the website. According to SEBI, the new system will be effective from 16 August.
