MUMBAI, Jan. 9 -- The Securities and Exchange Board of India (Sebi) on Friday proposed a sweeping clean-up of stock exchange regulations, aiming to eliminate redundancies, retire outdated provisions and improve ease of doing business for exchanges and market participants.

As part of the overhaul, the market regulator has suggested raising the minimum net-worth requirement for stockbrokers offering the margin trading facility (MTF) to Rs.5 crore or higher from the current Rs.3 crore. The existing threshold, introduced in 2004 as a safeguard to ensure only institutional participants offered margin trading, has not been reviewed since 2022, Sebi said. Under the proposal, exchanges would also be allowed to revise net-worth requirements from ...