Sebi eyes change to 30-yr-old broker rules in tech-first mkt
MUMBAI, Aug. 14 -- The Securities and Exchange Board of India (Sebi) on Wednesday proposed a comprehensive rewrite of its 30-year-old Stock Brokers Regulations to simplify compliance and align the rules with today's tech-driven markets. The capital markets regulator has invited public comments until September 3.
The draft regulation, meant to replace the 1992 framework, consolidates years of circulars into the main regulations and harmonizes provisions with newer laws like the Companies Act, 2013. The proposal is in line with Sebi chairman Tuhin Kanta Pandey's emphasis on optimizing regulations. The Association of National Exchanges Members of India (Anmi) told Mint that it is reviewing the proposals.
In its paper, Sebi has introduced forma...
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