Re: Submission of NCFM/BCDE certificate for trading in equity derivative segment of NSE/BSE and/or other Exchanges u/s 13 of SCRA
Further to our notice dated 08.01.2013, as mandated by SEBI, members are hereby informed that in order to trade in equity derivative segment of NSE/BSE and/or other Exchanges u/s 13 of SCRA, every trading member is required to appoint at least two approved users who have passed the NCFM/BCDE certification in Derivative Market (Dealers) Module.
Members who have submitted only one NCFM/BCDE certificate are hereby requested to submit another certificate by 30th April, 2013. Further members, who have given undertaking that they will submit another NCFM/BCDE certificate within three months from the date of receipt of SEBI registration in F&O segment and wherein such period has already elapsed, are advised to submit another certificate at the earliest in order to continue trading in equity derivative segment.
We solicit kind cooperation of the members to comply with aforesaid SEBI directive.
Dy. General Manager (SEO)