Attention of the stock brokers is drawn to the provisions contained in the SEBI circular no. CIR/MRD/DP/54/2017 dated June 13, 2017 and Exchange Notice No. 20170615-23, wherein, stock brokers were informed that the books of accounts maintained by them, with regard to margin trading facility offered by them are to be audited. Further, stock brokers were also informed that they are required to submit certificate specifying the extent of compliance with the conditions of Margin Trading Facility.
In view of this, stock brokers who have obtained approval for Margin Trading Facility from the Exchange are hereby informed to submit such certificate on half yearly basis, i.e. for the half year ending on 31st March and 30th September.
The certificate is required to be submitted as per format enclosed to this notice, duly signed by the Chartered Accountant who has audited books of accounts and other documents of the member, failing which it shall be treated as non-submission.
Those stock brokers who have taken approval of the Exchange for offering Margin Trading Facility but have not commenced the same may, however, submit a certificate to this effect duly signed by their Compliance Officer by the due date.
The scanned copy of the aforesaid certificate for half year ending March 31, 2019 should be emailed at bse.inspection@bseindia.com on or before April 30, 2019.
For further clarifications, if any, in the matter, the stock brokers may contact below mentioned officials:
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NAME
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Telephone No.
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Ms. Priya Pillai
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022 - 2272 8598
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Ms. Jyoti Thukral
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022 - 2272 8214
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For and on behalf of BSE Ltd
Kiran Sawant Jyoti Thukral
Asst. Gen. Manager Sr. Manager
Broker Supervision Broker Supervision
Encl : Prescribed format of certificate.
PRESCRIBED FORMAT
(ON THE LETTERHEAD OF THE CHARTERED ACCOUNTANT)
CERTIFICATE
I/We have verified and audited the relevant books, records, and documents of M/s._________________________________ Clg. No _________________, trading member of BSE Ltd., for the period from __________ to ______________ and on the basis of the relevant information and explanation submitted to me/us and to my/our satisfaction, I/we certify that the trading member had complied with the conditions of margin trading facility as prescribed in circular No. CIR/MRD/DP/54/2017 dated June 13, 2017, issued by Securities and Exchange Board of India.
Name of Chartered Accountant / Firm
Signature and Seal of Chartered Accountant
Membership Number
Place :
Date : |