The Securities and Exchange Board of India has simplified rules for stockbrokers handling unpaid client securities. A new automated pledge system will now manage these shares, directly crediting them to client demat accounts while pledging them to a special broker account. This move aims to ease operational hurdles and align with current market practices, addressing concerns raised by the broking industry.
​The Securities and Exchange Board of India has simplified rules for stockbrokers handling unpaid client securities. A new automated pledge system will now manage these shares, directly crediting them to client demat accounts while pledging them to a special broker account. This move aims to ease operational hurdles and align with current market practices, addressing concerns raised by the broking industry. by Soban News (international And National News)
