Client registration document in 15 Indian languages soon

To spread awareness among investors, capital markets regulator Sebi today said client registration documents will be provided in 15 vernacular languages.
The move is aimed at making clients aware of their rights and obligations vis-a-vis stock broker and sub-broker and inform them about the risks involved in trading in securities market.
It would also bring in uniformity in the documents being signed by the clients as part of the account opening process and to instill greater transparency and discipline in the dealings between the clients and the stock brokers.
The client registration papers include Uniform Risk Disclosure Document (for all segments and exchanges), guidance note mentioning Do's and Don'ts for trading on exchange. The documents need to mention about the rights and obligations of stock broker, sub-broker and clients.

In the interest of investors, Securities and Exchange Board of India (Sebi) has said these documents would be provided to clients in vernacular languages.
It also advised exchanges having nationwide terminals to provide the documents in 15 vernacular languages -- Assamese, Bengali, Gujarati, Hindi, Kannada, Kashmiri, Konkani, Urdu, Malayalam, Marathi, Oriya, Punjabi, Sindhi, Tamil and Telugu -- to clients through their members and also to make it available on their websites.
The move will help investors in better understanding securities market thereby facilitating financial inclusion.
These documents are already available on the websites of NSE, BSE and Metropolitan Stock Exchange of India Ltd. The stock brokers have also been advised by the stock exchanges, to make available these documents to their clients on demand and also display the same on their own website.