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Securities and Exchange Board of India, the market watchdog, has warned all the stock exchanges and securities intermediaries against the terror funding and has urged them to inform the home ministry about any clients, whom they feel have particulars which goes along with the UN-listed terror funding entities “within 24 hours”.
"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.
According to the SEBI, the securities intermediaries "would prevent designated persons from conducting financial transactions" under intimation to the home ministry”, if the details of any customers adhere to the UN list beyond doubt".
