To enhance ease of compliance, Sebi on Monday proposed broadening its guidelines on shared contact details by allowing non-individual clients, such as HUFs, partnerships, trusts, and corporates, to use the same mobile number or email address under exceptional circumstances.
Currently, this exception applies only to individual clients within a family.
“Under exceptional circumstances, the stock broker may, at the specific written request of a client, upload the same mobile number/email address for more than one client provided such client belong to one family (in case of individual clients) or such client is the authorised person of an HUF, Corporate, Partnership or Trust (in case of non-individual clients),” Sebi said in its consultation paper.
Under the current rule, stock brokers are required to upload certain details of their clients, including a separate mobile number and email address for each client.
However, under exceptional circumstances, the stock broker may upload the sa
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