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FOR OPENING OF TRADING TERMINALS ABROAD

Para - Guidelines - Guidelines - Para - SECURITIES AND EXCHANGE BOARD OF INDIA GUIDELINES With the rapid expansion of the Indian capital market and with the fund managers all over the world showing a keen interest in investing a large number of their .....

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be permitted. These terminals shall be opened by the members only after obtaining permission from the respective stock exchanges. RBI Permission Such terminals abroad would be opened subject to the guidelines laid down by the RBI from time to time. P .....

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e. NRIs/OCBs/FIIs/PIOs shall be able to place orders on the trading terminal of the Exchange available at the office of the Indian broker maintained abroad. The order fed on the live terminal shall be executed on the computer of the Exchange in India .....

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ital Adequacy, Margins System & Brokerage All such trades would be subject to usual margins, capital adequacy and intra-day trading limits and such other requirements fixed for the brokers by the Exchange. The respective stock exchange shall ensu .....

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ents with the status of NRIs/PIOs/OCBs shall settle the trade through a designated bank. Such a designated bank shall be responsible for repatriation of funds. Monitoring & Surveillance The respective stock exchange shall ensure that there is ade .....

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nals. Jurisdiction The agreement between the trading member and constituent should, inter alia, state that, all trades, transactions and contracts are subject to the Rules, Bye Laws and Regulations of the Exchange and shall be deemed to be and shall .....

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