Regulatory Alerts2024-05-22
Master Circular for Stock Brokers
The Securities and Exchange Board of India (SEBI) issued this Master Circular to consolidate and update all applicable directions for stock brokers, superseding the previous version from May 2023. The document rescinds numerous prior circulars while ensuring that actions taken, pending applications, and liabilities incurred under those rescinded rules remain legally valid. It establishes comprehensive regulatory frameworks covering broker registration, client dealings, technology standards, and investor grievance redressal.
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