Mumbai, Oct 25 (Inditop.com) Market regulator, the Securities and Exchange Board of India (SEBI), has asked all stock exchanges and securities intermediaries to inform “within 24 hours” the home ministry if they find any client, whose particulars match with UN-listed terror funding entities.
“In the event particulars of any of customers match the particulars of designated individuals or entities, stock exchanges, depositories and intermediaries shall immediately, not later than 24 hours, inform full particulars to the Ministry of Home Affairs,” the market regulator said in a statement.
The SEBI said in case any customer’s details match with the particulars of designated individuals or entities in the list “beyond doubt”, the securities intermediaries “would prevent designated persons from conducting financial transactions” under intimation to the home ministry.
