India has been moving towards a cashless economy. It is faster, secure and more cost-efficient. The origin of the digital revolution of finance lies in the capital markets. The stock markets shifted to electronic mode of trading (dematerialisation) in 1996 ever since the introduction of the Depositories Act 1996.
Before the conversion, the stock markets operated on an open outcry system. Traders communicated verbally and through gestures to buy and sell shares. With the advent of electronic trading, a simple online command is enough to execute a trade. However, electronic trading has prerequisites like having a demat account, trading account and bank account to access the capital markets.
To follow highest standards of ethics and compliances while facilitating the trading by clients in securities in a fair and transparent manner, so as to contribute in creation of wealth for investors.
Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020 from the website.
Trading Member has displayed the Investor Charter & Grievances "escalation matrix" on the website.
Maintenance of a Website by Stock Brokers and Depository Participants. The provisions of this circular shall come into effect from August 16, 2023, and the URL of the website is to be reported to the Exchange within a week of the circular coming into effect i.e., by August 24, 2023
Display the “Risk disclosure” on Website with effect from 01.07.2023 – SEBI circular dated 19.05.2023
Display the Account opening (KYC) & Investor grievance process flow chart - NSE/COMP/ 56350 dated 13-04-2023.
Display the List of Authorised persons - NSE/COMP/ 56350 dated 13-04-2023.