Various activities of Stock Brokers with timelines
| S.No. |
Activities |
Expected Timelines |
| 1 |
KYC entered into KRA System and
CKYCR |
10 days of account opening |
| 2 |
Client Onboarding |
Immediate, but not later than one
week |
| 3 |
Order execution |
Immediate on receipt of order, but
not later than the same day
|
| 4 |
Allocation of Unique Client Code |
Before trading |
| 5 |
Copy of duly completed Client Registration
Documents to clients
|
7 days from the date of upload of
Unique Client Code to the
Exchange by the trading member |
| 6 |
Issuance of contract notes |
24 hours of execution of trades |
| 7 |
Collection of upfront margin from client |
Before initiation of trade
|
| 8 |
Issuance of intimations regarding other
margin due payments
|
At the end of the T day |
| 9 |
Settlement of client funds |
30 days / 90 days for running
account settlement (RAS) as per
the preference of client.
If consent not given for RAS – within
24 hours of pay-out |
| 10 |
‘Statement of Accounts’ for Funds,
Securities and Commodities |
Weekly basis (Within four trading
days of following week)
|
| 11 |
Issuance of retention statement of
funds/commodities |
5 days from the date of settlement |
| 12 |
Issuance of Annual Global Statement |
30 days from the end of the
financial year |
| 13 |
Investor grievances redressal |
30 days from the receipt of the
complaint |
