BSE change account opening procedures after regulator’s initiative

The Bombay Stock Exchange has made changes to simplify account opening procedures in its securities markets.

The Bombay Stock Exchange (BSE) has made changes to simplify account opening procedures in its securities markets.

The new initiative – aimed at retail, is the SARAL account opening form, which is in line with SEBI’s plan to ease access for investors entering the country’s equity cash markets.

The new account opening documentation form can be used by any resident individual investors who wish to trade in the markets.

Investors who open accounts through this SARAL method will also have the option to source internet trading, margin trading, derivatives trading and use of powers of attorney.

«