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CIRCULAR NO. SEBI/HO/MRD/MRD-POD-2/P/CIR/2024/25, DATED 24-04-2024

April 26, 2024

SEBI relaxes the requirement of publishing ‘fit and proper’ text on contract notes to enhance ease of doing business
Editorial Note : SEBI received representations from market participants via Industry Standards Forum (ISF) to relax the requirement under Chapter 6 at Para 2.4.2.2.2 of the Master Circular dated 16.10.2023, of publishing text related to ‘fit and proper’ on contract notes. SEBI has now waived the requirement of publishing ‘fit and proper’ text on contract notes as a step to enhance ease of doing business. Only a reference to applicable regulation about ‘fit and proper’ must be made part of contract note.

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