Dear Business Associate,
As per circular reference CIR/HO/MIRSD/MIRSD2/CIR/P/2017/108 dated September 26, 2017, it has now been decided that all brokers shall execute trades of clients only after keeping evidence of the client placing such order, it could be, inter alia, in the form of:
-
- Physical record written & signed by client,
- Telephone recording,
- Email from authorized email id,
- Log for internet transactions,
- Record of SMS messages,
- Any other legally verifiable record
When dispute arises, the burden of proof will be on you to produce the above records for the disputed trades.
Hence you are requested to have evidence of the client placing order.
This circular shall be effective with effect from 1st January 2018.
This circular shall be effective with effect from 1st January 2018.
In case of any further clarification, kindly contact us at basupport@elitestock.com o