NSE has directed members to establish Brokers’ Institutional mechanism

NSE vide circular dated July 08, 2024 has directed members to implement measures prescribed by SEBI to instill confidence in securities market. Members also directed to put in place a Brokers’ Institutional mechanism for prevention and detection of fraud or market abuse:

  1. Systems for surveillance of trading activities and internal controls
  2. Obligations of the stock broker and its employees
  3. Escalation and reporting mechanisms
  4. Whistle Blower Policy

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