New Delhi, Aug. 13 -- The Securities and Exchange Board of India 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 3 September.

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 1992 regulations were built for a market of physical paperwork, slower settlements, and fewer retail participants. Sebi's working group recommended a clearer, streamlined framework that reflects electronic trading, rapid settlement cycles and ...