Search in

Home News SEBI

Read more interesting news from around the globe with Indianmoney App

Google Play
News Image

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.