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N O T I C E
Dated : 30th November 2017
Trading Members are hereby informed that the Exchange has received a Circular from SEBI vide Ref. No. SEBI/HO/MIRSD/MIRSD2/CIR/P/2017/123, Dated November 29, 2017 regarding Modification to Enhanced Supervision Circular.The contents of the said circular are reproduced hereunder for information of trading members.
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CIRCULAR
SEBI/HO/MIRSD/MIRSD2/CIR/P/2017/123 November 29,
2017
To
The Managing Directors / Chief Executive Officers
All Recognized Stock Exchanges
Dear Sir / Madam,
Sub:
Modification to Enhanced Supervision Circular
1.
SEBI vide circular no. SEBI/HO/MIRSD/MIRSD2/CIR/P/2016/95 dated September 26,
2016, has issued guidelines covering broad areas for enhanced supervision based
on the recommendation of the committee constituted by SEBI.
2. In this regard, following
modifications are made :
a.
Clause 7.1.2 stands modified as follows: “End of day securities balances ISIN wise
(as on last trading day of the month) and End of day securities balances (as on
last trading day of the month) consolidated ISIN wise (i.e., total number of
ISINs and total number of securities across all ISINs)”
b.
Clause 7.1.3 stands modified as follows: “ISIN wise number of securities
pledged, if any, and the funds raised from the pledging of such securities and
consolidated number of securities pledged (i.e., total number of ISINs and
total number of securities across all ISINs), if any and the funds raised from
the pledging of such securities.”
c.
Clause 7.1.4 stands modified as “The data at Para 7.1.1, 7.1.2 and 7.1.3
pertains to the last trading day of the month. The stock broker shall submit
the aforesaid data within seven calendar days of the last trading day of the
month.”
d. Clause 7.2 stands modified as
below -
“Each Stock Exchange shall in turn
forward –
a.
Information at Para 7.1.1, 7.1.2 and 7.1.3 to clients via Email on the email
IDs uploaded by the stock broker to the exchange for their clients.
b.
Information at Para 7.1.1, 7.1.2 (only consolidated data) and 7.1.3 (only
consolidated data) to clients via SMS on mobile numbers uploaded by the stock
broker to the Exchange for their clients.”
3.
The above provisions shall be applicable one month from the date of this
circular.
4. You are advised to take
necessary steps to ensure compliance with the above.
5. The Stock Exchanges are directed
to
a.
Bring the contents of this circular to the notice of the Stock Brokers and also
disseminate the same on their website.
b. Make necessary amendments to the
relevant bye-laws, rules and regulations for this implementation of the above
directions in co-ordination with one another to achieve uniformity in approach.
6.
This circular is being 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.
7. This circular is available on
SEBI website at www.sebi.gov.in under the categories “Legal Framework”.
Yours faithfully,
Debashis
Bandyopadhyay
General
Manager
Trading
Members are requested to take note of the aforesaid guidelines of SEBI and act
accordingly.
M.A.V. Raju
General
Manager