From 1st May, the Securities And Exchange Board Of India (SEBI) circular SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/061 dated April 25, 2023 banning all brokers and clearing members from utilizing clients’ funds to create new bank guarantees for themselves will come into effect.
Fox & Mandal
From 1st May, the Securities And Exchange Board Of India (SEBI) circular SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/061 dated April 25, 2023 banning all brokers and clearing members from utilizing clients’ funds to create new bank guarantees for themselves will come into effect.