SEBI Relaxes the Requirement of Publishing ‘Fit and Proper’ Text on Contract Notes to Enhance Ease of Doing Business
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- Last Updated on 26 April, 2024
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Circular No. SEBI/HO/MRD/MRD-PoD-2/P/CIR/2024/25; Dated: 24.04.2024
SEBI received representations from market participants via the Industry Standards Forum (ISF) to relax the requirement outlined in Chapter 6 at Para 2.4.2.2.2 of the Master Circular dated October 16, 2023, regarding the publication of text related to ‘fit and proper’ on contract notes.
Accordingly, SEBI has now waived the requirement of publishing ‘fit and proper’ text on contract notes as a step to enhance the ease of doing business. Only a reference to the applicable regulation about ‘fit and proper’ must be made a part of the contract note.
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