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Stock exchanges have extended the deadline for brokers to update their clients’ contact details with these. Email addresses and mobile numbers are used to alert clients of orders executed in their accounts, and used as a check against unauthorised trading, according to earlier exchange notifications.
The deadline would have expired this week. It has been extended to September 30.
Exchanges have asked brokers to key in default data. But these have been advised to keep a record of efforts made to obtain the information from their clients.The deadline would have expired this week. It has been extended to September 30.
“In case investors do not have mobile numbers/email ids or do not wish to provide these, members shall obtain a declaration to this effect from the clients and report it,” said the BSE notification.
Exchanges have asked brokers to key in default data if the information is not forthcoming. However, they have been advised to keep a record of the efforts made to obtain the information from their clients.
“In case where investors either do not have mobile number/email id or do not wish to provide the same, members shall obtain a declaration to this effect from the clients and report the same…Members are advised to maintain appropriate records of the efforts made to obtain the e mail Ids and mobile numbers from such clients, which can be verified,” said the BSE notification.
