What is the Turn Around Time (TAT) for change of broker code request to be updated?

A change of broker code request would take approximately one week to get updated. • Would my folio details be disclosed to my previous broker once my broker code is updated as ‘DIRECT'? No. However, we would intimate your old broker about the change of broker code. • Can I submit a change of broker code request to CAMS directly? Yes, as long as it is authorized by the Unitholder(s), depending on the mode of holding. However, the procedure would be different for the Channel Distributors. In such case, the documents have to be routed through the Channel Distributor. • If I request a change of broker code to ‘DIRECT' for my transaction dated before January 4, 2008, will my units be recreated? No. The said guideline is effective January 4, 2008. • If I invest directly, can I later add a broker? Yes. A written request has to be submitted for change of broker code signed by the Unitholder(s), depending on the mode of holding. However, the procedure would be different for the Channel ...  more

A change of broker code request would take approximately one week to get updated. • Would my folio details be disclosed to my previous broker once my broker code is updated as ‘DIRECT’? No. However, we would intimate your old broker about the change of broker code. • Can I submit a change of broker code request to CAMS directly? Yes, as long as it is authorized by the Unitholder(s), depending on the mode of holding. However, the procedure would be different for the Channel Distributors. In such case, the documents have to be routed through the Channel Distributor. • If I request a change of broker code to ‘DIRECT’ for my transaction dated before January 4, 2008, will my units be recreated? No. The said guideline is effective January 4, 2008. • If I invest directly, can I later add a broker? Yes. A written request has to be submitted for change of broker code signed by the Unitholder(s), depending on the mode of holding. However, the procedure would be different for the Channel ...  more