SEBI introduces a system to track client securities

So far, three 'mismatch reports' has been forwarded to the stock exchanges for reconciliation with members.
Akshaya

Updated: Feb 14,2020 05:05:34 pm

SEBI introduces a system to track client securities

14 February 2020 Current Affairs: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.
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