The National Stock Exchange vide circular dated October 19, 2021 has provided clarification regarding submission of data towards monitoring of client funds under Enhanced Supervision guidelines. Members are directed that any FDRs created out of the client funds received by the members should be only for the purpose of placing with clearing corporation/clearing members.
Members are also directed not to invest client funds received by the members in the client bank accounts in any Liquid Mutual Funds, Gilt Funds, Government Securities or any other liquid funds. The updated guidelines for submission of each of the data-points towards the weekly monitoring of client funds (Enhanced Supervision of Stock Brokers) is provided as Annexure-A of the circular.
