Regulatory Alerts2024-08-09
Master Circular for Stock Brokers
The Securities and Exchange Board of India (SEBI) issued this updated Master Circular on August 9, 2024, to consolidate all relevant directions for stock brokers into a single document, superseding the previous version from May 22, 2024. The circular rescinds numerous prior circulars while ensuring that actions taken, pending applications, and liabilities incurred under those rescinded rules remain legally valid and unaffected. It establishes a comprehensive regulatory framework covering broker registration, supervision, client dealings, technology standards, and investor grievance redressal.
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