Why Investment Banks aren't allowing their employees to use a Zerodha Demat account?

I came across a few tweets recently in which people mentioned that some Investment Banks aren’t allowing the use of Zerodha Demat account for their employees -

I had come across a support page related to this but it seems that some investment banks aren’t ready to empanel Zerodha as a registered broker. I wanted to ask, is this happening because of some reporting requirements that can’t be met from Zerodha’s end (From what I can understand, all trading activity would have to be reported to their employers), or is this just a policy decision from investment bank’s side?

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