Notice No.   20240105-38   Notice Date   05 Jan 2024
Category   Compliance   Segment   General
Subject   Most Important Terms and Conditions (MITC)
Attachments   Annexure A.pdf ;

This is with reference to SEBI Circular No. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/180 dated November 13, 2023 (Exchange Notice No. 20231115-1 dated November 15, 2023) on “Most Important Terms & Conditions (MITC)”. 

The standard Most Important Terms and Conditions as finalized in accordance with point no. 4 of the aforesaid SEBI Circular is enclosed herewith as Annexure A

With respect to new clients onboarded from April 01, 2024 onwards, the MITC shall be required to be acknowledged i.e. duly signed by the client.

Further, in accordance with aforesaid SEBI circular dated November 13, 2023, members are also requested to note that the MITC shall be informed by members to their existing clients by June 01, 2024 via email or any other suitable mechanism which can be preserved. In case if communication gets bounced/undelivered, the same shall be communicated through alternate channels to such clients. Other suitable mechanism may include physical delivery/SMS/electronic instant messaging services after adhering with the safeguards prescribed under Exchange Notice No. 20220607-11 dated June 07, 2022 on Issuance of Electronic Contract Notes (ECN) through SMS/electronic instant messaging services.

Members are advised to take note of the contents of the circular and comply.

In case of any queries/clarifications, you may reach us on the following contact details.

Contact Nos.

E-mail ID

022- 2272 8435/5785

For and on behalf of BSE Ltd.

Richa Ghosh                                                  Kaustubh Mundada   

Asst. Gen. Manager                                      Asst. Gen. Manager                                          

Inspection                                                      Inspection