Brokers May Share Contact Details for Family or Authorized Persons in SMS/Email Alerts Under Exceptions, SEBI Clarifies
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- Last Updated on 5 December, 2024
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Circular No. SEBI/HO/MIRSD/MIRSD-PoD1/P/CIR/2024/169, Dated: 03.12.2024
SEBI has amended guidelines for SMS and email alerts to investors by stock exchanges. It has been clarified that under exceptional circumstances, the brokers may, upload the same mobile number/Email address for more than 1 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). The provisions of this circular shall come into force with immediate effect.
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