Mumbai, July 21 -- SEBI and stock exchanges have introduced a technology based common reporting mechanism (Samuhik Prativedan Manch), offered by NSE for stock brokers to submit their compliance reports.

SEBI encourages a regulatory framework that is simple, transparent, and cost-effective resulting in ease of doing business for the intermediaries and in turn ease of doing investments for investors.

Streamlining and rationalising the compliance reporting is a key measure for achieving ease of doing business, SEBI said Monday.

Stock brokers who are registered with multiple stock exchanges are currently required to submit compliance reports at all the Exchanges with which they are registered.

They will now be able to submit compliance re...