The Securities and Exchange Board of India (SEBI) on October 04, 2024, issued a Consultation Paper on a draft circular for Facilitation to SEBI registered Stock Brokers to access Negotiated Dealing System-Order Matching (NDS-OM) for trading in Government securities- Separate Business Units (SBU).
In order to ensure ease of doing business and to leverage the existing infrastructure of the stock brokers, it is proposed that stock brokers may offer these services as a Separate Business Unit (SBU) of the stock broking entity itself on an arms-length basis.
All the matters relating to policy, risk management, administration, supervision, enforcement, investor grievance and claims related to trading in G-Secs on NDS-OM by stock brokers would come under the jurisdiction of the respective regulatory authority.
The comments/suggestions should be submitted latest by October 25, 2024, through the following link:
https://www.sebi.gov.in/sebiweb/publiccommentv2/PublicCommentAction.do?doPublicComments=yes
Kindly find the draft circular attached to the document provided below.
