Banking & FinanceCurrent Affairs

SEBI introduces a system to track client securities

Bibliometric Details: Issue No: 2 | Issue Month:February | Issue Year:2020

The Securities and Exchange Board of India (SEBI) has introduced an in-house system to track the movement of client securities that are collected as collateral by brokers.  New Tracking system: SEBI has developed the in-house capabilities to track the movement of client securities collected by the broker as collateral online.  It will raise alerts with exchanges if diversion of clients’ securities is noticed. So far, three ‘mismatch reports’ has been forwarded to the stock exchanges for reconciliation with members. SEBI: Formed on: 12 April 1988 Headquarters: Mumbai, Maharashtra Chairman: Ajay Tyagi SEBI is the regulator for the securities market in India. It was established through the SEBI Act, 1992.

Content Protection by

Back to top button