Demat accounts, ATMs, and Credit Cards. In a circular on Friday, the stock market regulator said, “It has been observed that at times, suspicious activities are noticed by the investors but the facility of freezing/blocking of accounts is not available with the majority of trading members." Sebi said that there is an urgent need to implement a facility for blocking/freezing trading accounts.
SAT says Sebi has four weeks to comply with Karvy order The capital markets regulator said a framework will be put in place by April 1, allowing trading members to offer the facility of voluntarily blocking online access of trading accounts for clients displaying suspicious activities. Brokers' Industry Standards Forum (ISF) will lay down the framework on this matter in collaboration with stock exchanges Sebi said.
Sebi panel bats for easier listing norms It will prescribe communication methods for clients to request such blocking, the issuance of acknowledgment upon message receipt, and the timeframe for processing the request and blocking the trading account. Further, Sebi said that action will be taken by the trading member following the receipt of a request for freezing/blocking of the trading account and the process for re-enabling the client for trading.
Sebi looking to bring finfluencers under regulatory ambit The stock broking industry in India has moved from a call-and-trade type of scenario to online mode, wherein the investors use the login IDs and passwords provided to them by the trading members. "To enhance ease of doing business and ease of investment, it has been decided that the framework for trading members to provide the facility of voluntary freezing/blocking the online access of the trading account to their
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