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Upload missing client contact details in a week: NSE tells brokers

The National Stock Exchange has asked brokers who have not yet furnished contact details of clients to do so before August 19. Failure to do so will be ‘viewed seriously,’ according to a notice on the exchange website dated August 12.

“Members are hereby urged to obtain the mobile number and email ID for all the clients who have transacted during FY 2014-15 and upload the same latest by August 19, 2014…As regards other clients who may wish to trade, members are urged to first obtain their mobile number and email ID and upload the same…,” said the notice.

The exchange has reached out to brokers following a directive from the Securities and Exchange Board of India, added the notice.

The stock market regulator had asked exchanges to send alerts through emails and text messages on trading activity during the day. A Sebi circular on the matter was released in August 2011. The regulator had sought separate phone numbers and email addresses for each client. Common contact details would only be permitted for those clients who belong to the same family, according to the circular.
“Members are requested to take note of the aforementioned requirements and upload the details of clients, failing which the matter shall be viewed seriously,” said the latest NSE circular.


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