SEBI Updates Guidelines on Shared Contact Details for Investors Alerts

SEBI has revised guidelines allowing brokers to use shared mobile numbers and emails for multiple clients, including family members and entities like HUFs, partnerships, and trusts. It aims to strike a balance between regulatory compliance and operational flexibility for brokers. 

The exception applies to clients belonging to the same family, defined as self,  spouse, dependent children, and parents, or for specific non-individual clients such as Hindu Undivided Family (HUF), corporates, partnerships, or trusts.

In the case of non-individual clients, the shared contact details can only be uploaded if the client is an authorised person.