SEBI UPDATE
Simplification of Account Opening Kit
To simplify the account opening kit, the stock broker/ DP shall make available certain standard documents to the clients, either in electronic or physical form, depending upon the preference of the client as part of account opening kit. The preference of the client shall be sought as part of the account opening form. In case the documents are made available in electronic form, stock broker/ DP shall maintain logs of the same. Necessary steps shall be taken to implement this circular and ensure its full compliance in respect of all new clients from August 01, 2016.
