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Sebi proposes allowing shared contact details for non-individual clients

Business Standard LogoBusiness Standard9h ago

Sebi proposes allowing shared contact details for non-individual clients - Business Standard

Quick Summary:

"Under exceptional circumstances, the stock broker may, at the specific written request of a client, upload the same mobile number/email address for more than one client provided such client belong to one family (in case of individual clients) or such client is the authorised person of an HUF, Corporate, Partnership or Trust (in case of non-individual clients)," Sebi said in its consultation paper.

To enhance ease of compliance, Sebi on Monday proposed broadening its guidelines on shared contact details by allowing non-individual clients, such as HUFs, partnerships, trusts, and corporates, to use the same mobile number or email address under exceptional circumstances.

Currently, this exception applies only to individual clients within a family.

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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-28 @ 21:39:14 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 323 words

Reading Time: 2 minutes read

Sentences: 10 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23290489

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Official Website: business-standard.com

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