Currency Derivatives Segment
Inspection Department

Circular No. MCX-SX/INSP/654/2011

November 2, 2011

Sub:- ‘In-person’ verification (IPV) of clients by subsidiaries of stock exchanges, acting as stock brokers
In terms of the provisions of Rules, Bye-Laws and Regulations of the MCX Stock Exchange Ltd. (Exchange), the Members of the Exchange are notified as under:

Exchange had issued two circulars, circular No. MCX-SX/COMP/56/2009 dated January 27, 2009 and circular no. MCX-SX/INSP/268/2010 dated January 20, 2010 on ‘In-Person Verification of individual and HUF clients’.

SEBI has now issued a circular no. CIR/MIRSD/22/2011 dated October 25, 2011, giving clarification on ‘In-person’ verification (IPV) of clients by Subsidiaries of Stock Exchanges, acting as stock brokers. Members are advised to take note of the same and ensure compliance.
 

Vandana D. Vania
Sr. Manager
 
Encl: SEBI circular no. CIR/MIRSD/22/2011 dated October 25, 2011
 
In case of any query, Members may contact the Compliance Team of the Exchange on 022-67319088 or on: compliancemsx@mcx-sx.com
 
 
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