{"id":181214,"date":"2018-01-14T14:14:37","date_gmt":"2018-01-14T08:44:37","guid":{"rendered":"http:\/\/www.scconline.com\/blog\/?p=181214"},"modified":"2018-01-14T14:14:37","modified_gmt":"2018-01-14T08:44:37","slug":"sebi-issues-circular-prevention-unauthorized-trading-stock-brokers-effective-01-04-2018","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2018\/01\/14\/sebi-issues-circular-prevention-unauthorized-trading-stock-brokers-effective-01-04-2018\/","title":{"rendered":"SEBI issues Circular on prevention of unauthorized trading by stock brokers effective from 01.04.2018"},"content":{"rendered":"<p style=\"text-align: justify;\"><strong>Circular No. CIR\/HO\/MIRSD\/MIRSD2\/CIR\/P\/2018\/09\u00a0<\/strong><\/p>\n<p style=\"text-align: justify;\">\n<p style=\"text-align: justify;\"><strong>Sub:<\/strong>\u00a0<strong>Prevention of Unauthorised Trading by Stock Brokers<\/strong><\/p>\n<p style=\"text-align: justify;\">1. SEBI vide<strong>\u00a0<\/strong>circular No. CIR\/HO\/MIRSD\/MIRSD2\/CIR\/P\/2017\/108 dated September 26, 2017\u00a0had prescribed guidelines for prevention of unauthorised trading by stock brokers and issued subsequent clarification vide\u00a0CIR\/HO\/MIRSD\/MIRSD2\/CIR\/P\/2017\/124 dated November 30, 2017.<\/p>\n<p style=\"text-align: justify;\">2. SEBI has now received representations from BSE Brokers Forum and Association of National Exchanges Members of India, expressing difficulties faced by stock brokers in the implementation of the aforesaid circulars and seeking extension for the implementation of the same.<\/p>\n<p style=\"text-align: justify;\">3. In view of the above, it has been decided to make the aforesaid circulars effective from April 01, 2018. Other provisions shall remain unchanged and no further extension shall be granted for the implementation of the said circulars.<\/p>\n<p style=\"text-align: justify;\">4. The Stock Exchanges are directed to:<\/p>\n<p class=\"clearfix _hoverrDone\" style=\"text-align: justify; padding-left: 30px;\">a. bring the provisions of this circular to the notice of the Stock Brokers and also disseminate the same on their websites<\/p>\n<p style=\"text-align: justify; padding-left: 30px;\">b. make necessary amendments to the relevant bye-laws, rules and regulations for the implementation of the above directions in co-ordination with one another to achieve uniformity in approach<\/p>\n<p style=\"text-align: justify; padding-left: 30px;\">c. communicate to SEBI, the status of the implementation of the provisions of this circular in their Monthly Development Reports.<\/p>\n<p style=\"text-align: justify;\">5. This circular is issued in exercise of the powers conferred by Section 11(1) of Securities and Exchange Board of India Act, 1992 to protect the interest of investors in securities and to promote the development of, and to regulate, the securities market.<\/p>\n<p style=\"text-align: right;\">Securities and Exchange Board of India<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Circular No. CIR\/HO\/MIRSD\/MIRSD2\/CIR\/P\/2018\/09\u00a0 Sub:\u00a0Prevention of Unauthorised Trading by Stock Brokers 1. SEBI vide\u00a0circular No. CIR\/HO\/MIRSD\/MIRSD2\/CIR\/P\/2017\/108 dated September 26, 2017\u00a0had prescribed guidelines for <\/p>\n","protected":false},"author":91,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4,1193],"tags":[],"class_list":["post-181214","post","type-post","status-publish","format-standard","hentry","category-legislationupdates","category-notifications"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>SEBI issues Circular on prevention of unauthorized trading by stock brokers effective from 01.04.2018 | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2018\/01\/14\/sebi-issues-circular-prevention-unauthorized-trading-stock-brokers-effective-01-04-2018\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SEBI issues Circular on prevention of unauthorized trading by stock brokers effective from 01.04.2018\" \/>\n<meta property=\"og:description\" content=\"Circular No. CIR\/HO\/MIRSD\/MIRSD2\/CIR\/P\/2018\/09\u00a0 Sub:\u00a0Prevention of Unauthorised Trading by Stock Brokers 1. 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