The Securities and Exchange Board of India (SEBI) on May 17, 2023, notified Master Circular for Stock Brokers to supersede the Master Circular for Stock Brokers dated June 01, 2018.
The following has been specified-
•Registration of Brokers - Verification of antecedents of the applicant.
•Conversion of individual membership into corporate membership.
•Additional information to be submitted at the time of registration of Stock Broker with SEBI.
•Additional requirements for processing applications of Stock Brokers for Registration/ Prior approval for the sale of Membership/ Change of name/ Trade name.
•Single registration for Stock Brokers & Clearing Members.
•Registration of Members of Commodity Derivatives Exchanges.
•Uniform Membership structure across segments.
Disclaimer: refer to the document to view further details.
[Notification No. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/71]
