SEBI amends Stock Brokers Regulations; enhances obligations for qualified stock brokers
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- By Chetan Kulasri
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- Last Updated on 19 January, 2023
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Notification No. SEBI/LAD-NRO/GN/2023/116., Dated 17.01.2023
The SEBI has notified the SEBI (Stock Brokers) (Amendment) Regulations, 2023. A new regulation 18D has been added which empowers Board to designate a stockbroker as a “qualified” stockbroker based on the size and scale of operations, its impact on investors & securities market, and governance & service standards. Further, the stockbroker designated as a qualified stockbroker is required to meet enhanced obligations and discharge responsibilities.
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