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Sebi bans transfer of clients securities to brokers accounts

Wednesday, February 26, 2020, 8:58 AM

Markets regulator Sebi banned transfer of clients' securities to demat accounts of trading and clearing members. Against the backdrop of KSBL incident, the watchdog has now put in place stringent-norms to prevent misuse of clients' securities that are available with trading and clearing members, and depository participants. Transfer of securities to the demat account of the TM/CM for margin purposes shall be prohibited.