Mumbai, Nov. 5 -- The Securities and Exchange Board of India (SEBI) plans to revise the 30-year-old regulations governing the registration, conduct, and responsibilities of stockbrokers and sub-brokers in India by December, according to chairperson Tuhin Kanta Pandey. The Securities and Exchange Board of India (Stock Brokers) Regulations, 1992, ensure fair trading, investor protection, and transparency. "We want to change it (the regulations) as soon as possible, maybe by December. So, this stock brokers regulation will become 2025," said Pandey on the sidelines of an event on Tuesday. In an August consultation paper, the market regulator proposed revising the regulations to simplify compliance and align the rules with today's tech-driven markets. The recommendations aim to consolidate several years of SEBI circulars into the main regulations and align its provisions with newer legislations such as the Companies Act, 2013. In its paper, SEBI had included formal definitions for major participants and activities-such as algorithmic trading, execution-only platforms for direct mutual fund investments, and proprietary trading-to ensure the regulations remain technology-neutral and adaptable to evolving market practices. He also addressed the technical outage at the Multi Commodity Exchange (MCX), which disrupted trading activity last week. "It is not right that such problems keep coming. But only after proper analysis, we will be able to say something. We will follow the standard operating procedure (SOP)," said the SEBI chief on the sidelines of the conference. His remarks come amid growing concerns over the operational resilience of market infrastructure institutions as exchanges and intermediaries increasingly rely on complex technology systems and third-party service providers. The chairperson also highlighted the regulator's focus on managing emerging risks and strengthening governance frameworks across the financial ecosystem. Pandey noted that third-party and outsourcing risks have increased with greater reliance on technology vendors and service providers, creating the need for stronger oversight and due diligence to ensure that critical market functions remain secure and resilient....