Sebi unveils a framework to segregate and monitor collateral at client level
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Last Updated: Jul 21, 2021, 07:59 AM IST
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Synopsis
The regulator said a web portal facility should be provided by the stock exchanges to allow clients to view the disaggregated collateral reporting by brokers.
Agencies
There has been several instances in the recent past of brokers defaulting and misusing clients securities and funds.
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Mumbai: The Securities and Exchange Board of India (Sebi) has come out with a framework for segregation and monitoring of collateral at client level. The regulator said the move is aimed at strengthening the mechanism of protection of client collateral from misuse and default of brokers.
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