Question
In light of recent regulations, how has the SEBI
circular amended the handling and distribution of securities to clients by brokers? The new directive aims to revise the traditional procedures to bolster transparency and safeguard investor interests. Consider the following options:Solution
The circular mandates that the payout of securities should be done directly to the clients' demat accounts, replacing the current practice where brokers pool securities before paying out to clients. This change aims to enhance operational efficiency and reduce the risk of misuse of clients' securities.
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I. World Para swimming championships...
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