Maintenance of a website by stock brokers and depository participants
Summary
SEBI mandates all stock brokers and depository participants to maintain a designated website displaying specific operational and contact information. The URL of this website must be reported to exchanges or depositories within one week of the circular's effect, with any changes reported within three days. Stock exchanges and depositories are directed to enforce these provisions and monitor compliance by August 31, 2023.
Text
all SBs and DPs are hereby, mandated to maintain a designated website.
Basic details of the SB/DP such as registration number, registered address of Head Office and branches, if any.
Names and contact details such as email ids etc. of all key managerial personnel (KMPs) including compliance officer.
Step-by-step procedures for opening an account, filing a complaint on a designated email id, and finding out the status of the complaint, etc.
Details of Authorized Persons.
The URL to the website of a SB/ DP shall be reported to the stock exchanges/depositories within a week of this circular coming into effect. Any modification in the URL shall be reported to stock exchanges/depositories within 3 days of such changes.
The provisions of this circular shall come into effect from August 16, 2023.
bring the provisions of this circular to the notice of stock brokers and depository participants, as the case may be, and also disseminate the same on their websites;
make amendments to the relevant bye-laws, rules and regulations for the implementation of the above provisions;
communicate to SEBI, the status of the implementation of the provisions of this circular in their monthly development report and
monitor compliance of this circular and submit a compliance report to SEBI in this regard by August 31, 2023.
This circular is issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992, to protect the interests of investors in securities and to promote the development of, and to regulate the securities markets.
Source: SecMarx — Maintenance of a website by stock brokers and depository participants. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.