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<h1>Securities Market Intermediaries Must Register Under SEBI Act, 1992; Includes Brokers, Custodians, and Investors</h1> Under the Securities and Exchange Board of India Act, 1992, intermediaries such as stock brokers, sub-brokers, share transfer agents, and others associated with the securities market must obtain a certificate of registration from the Board to engage in securities transactions. This requirement extends to depositories, custodians, foreign institutional investors, credit rating agencies, venture capital funds, and alternative investment funds. Applications for registration must follow prescribed procedures and fees. The Board holds the authority to suspend or cancel registrations, ensuring compliance with regulations. Certain transitional provisions allow continued operations under specific conditions until new regulations are established.