Regulatory Alerts2023-05-17
Master Circular for Stock Brokers
The Securities and Exchange Board of India (SEBI) issued this Master Circular on May 17, 2023, to consolidate and supersede previous directives regarding the registration, supervision, and operations of stock brokers. The document rescinds prior circulars while preserving the legal validity of actions taken under them and establishes comprehensive regulatory frameworks covering client dealings, technology standards, and default management procedures. It mandates strict compliance with updated norms for broker registration, cybersecurity, margin trading, and investor grievance redressal to ensure market integrity and investor protection.
Share