Direct Market Access - Clarification

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..... e of India Ltd., Exchange Plaza Bandra Kurla Complex Bandra (E) Mumbai- 400 051 Dear Sir, Sub: Direct Market Access - Clarification 1. This is further to the SEBI circular no. MRD/ DoP/SE/Cir- 7 /2008 dated April 03, 2008 regarding introduction of facility for Direct Market Access. 2. With regard to para 3 of the aforesaid circular, it is clarified as follows: a. Institutional investors .....

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..... tions for which the investment manager is authorized. c. The exchange/ broker shall ensure that proper audit trails are available to establish identity of the ultimate client. d. The exchange may put in place such other safeguards as it deems fit to mitigate any concerns it may have. 3. This circular is issued in exercise of powers conferred under Section 11 of the Securities and Exchange Boa .....

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