NSE asks brokers to inform client details on website by Sep 10

Trading members will have to use their websites to inform clients on updation of email addresses and mobile numbers by September 10.
The directive comes after recent instructions to the trading members to obtain and update the mobile numbers and email-ids of their clients who have transacted during 2014-15, in UCC (Unique Client Code) database by month-end.
"The trading members having their own website are advised to ensure the display of the ticker message on their website latest by September 10, 2014," National Stock Exchange (NSE) said in a circular.
Last month, NSE had asked trading members to display ticker message on their website at a prominent place for updation of mobile numbers and e-mail id of their clients.

Recently, stock exchanges - BSE and NSE - had asked their trading members to obtain and update mobile number and email address of their clients by August 19. However, it was extended to September 30.
In case certain investors do not have mobile numbers/ email id or do not wish to provide the same, the trading members would have to report such cases to the bourses.

With an aim to reduce the number of investor complaints relating to unauthorised trading and to safeguard members' own interest, stock exchanges provide details of the transactions to all investors through mails and SMSes whose email address and mobile numbers are updated by the trading members in UCC (Unique Client Code) online.

In 2012, Sebi had asked exchanges to send SMS/email alerts to every retail investor for all transactions in their names in a day.
The move followed complaints against brokers and other market entities conducting transactions through accounts of their clients without the knowledge of the investor concerned.