Display of Details by Stock Brokers (including Trading Members)
Summary
The circular mandates that stock brokers must prominently display their SEBI-registered name, logo, registration number, and address in all public-facing materials. It further requires specific disclosure of compliance officer details in contract notes and client correspondences to prevent investor confusion. Stock exchanges are directed to enforce these requirements through bye-law amendments and regular monitoring.
Text
stock broker must display more prominently its name as registered with SEBI, its own logo, if any, its registration number, and its complete address with telephone numbers in its portal /web site, if any, notice / display boards, advertisements, publications, know your client forms, and member client agreements
stock broker must display more prominently its name as registered with SEBI, its own logo, if any, its registration number, and its complete address with telephone numbers, the name of the compliance officer, his telephone number and e-mail address in contract notes, statement of funds and securities, and correspondences with the clients
stock exchanges are directed to bring this to the notice of their members and make necessary amendments to the bye-laws, rules and regulations to implement the above decision. They shall include the compliance of the said circular as part of their inspection and internal audit by stock brokers. They shall also monitor compliance of this circular by stock brokers and send annually a list of stock brokers who have not complied with the circular
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 market
This circular shall come into force from the date of this circular
Source: SecMarx — Display of Details by Stock Brokers (including Trading Members). Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.