Amid technological advancements in the securities market, Sebi on Monday asked stock exchanges to provide certain basic minimum facilities to the investors at Investor Service Centres (ISCs) and upgrade the knowledge of officials of these centres.
In order to reach out to investors across India, Sebi asked stock exchanges to use the existing ISCs and open additional centres, wherever required. The ISCs can be set up either by one stock exchange or jointly by two or more exchanges, as per their mutual agreement.
The new directive would come into force from the 90th day from this Monday, while those related to knowledge upgradation will be compiled in a phased manner, the Securities and Exchange Board of India (Sebi) said in a circular.
The markets regulator, in December 1997, asked all stock exchanges to open or maintain at least one ISC for the benefit of the investors. Such centres are required to provide counselling services and provide certain basic minimum facilities to the …
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