SEBI, from time to time has issued various circulars to simplify, harmonize the process of opening of Trading accounts by investors. Constant technology evolution has taken place in the market and SEBI has allowed certain technological innovations to be used to facilitate online KYC process. SEBI/Exchanges have been receiving requests from investors regarding online closure of trading account similar to online opening of trading accounts.
SEBI vide it email dated July 15, 2021 has advised Exchanges to issue guidelines to the trading members to make available the facility for online closure of trading accounts. The guidelines for online closure of trading accounts are enclosed as Annexure A. Further Trading members are also advised to inform their clients regarding the availability of facility for online closure of trading accounts and its guidelines through emails, SMS, weekly / fortnightly /monthly newsletters etc.
All members are advised to take note of the same and comply with the requirement from August 01, 2021.
For and on behalf of BSE Ltd.
Hiteshkumar Desai Kiran Sawant
Addtnl. General Manager Asst General Manager
Broker Supervision Broker Supervision
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