SEBI simplifies process for opening accounts

SEBI simplifies process for opening accounts
To simplify and rationalise the trading account opening process, stock market regulator SEBI has replaced all client-broker agreements with the “Rights and Obligations” document. “The client will now be required to sign only on one document: the Account Opening Form. Further, in the same form, the client shall continue to put his signatures instead of saying ‘yes’ or ‘tick mark’ while indicating preferences for trading in different exchanges/segments, in accordance with existing requirements.” The document would be mandatory and binding on existing and new stock brokers (including trading members) and clients

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