The Securities and Exchange Board of India, (SEBI), on June 19, 2023, issued a notification that the Board hereby appoints September 01, 2023, as the date on which the following provisions of the Securities and Exchange Board of India (Stock Brokers) Regulations, 1992, shall come into force.
The provisions are as follows-
(i)Sub-regulation (1A) of Regulation 17 which specifies the Board of Directors.
(ii)The row for ‘Execution Only Platforms’ in the Table of sub-clause (1) of clause 3 of Part B of Schedule V.
(iii) The remark ‘However, the requirement of Variable Net worth shall not be applicable for Execution Only Platforms segment’ in Table 1 of Schedule VI.
(iv) The row for ‘Execution Only Platforms’ in Table 2 of Schedule VI.
[Notification No. SEBI/LAD-NRO/GN/2023/133]
