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of <h1>SEBI amends 2004 Guidelines, adds 'fit and proper' criteria for STP applicants per Intermediaries Regulations, 2008, effective now.</h1> The Securities and Exchange Board of India (SEBI) has amended the 2004 Guidelines related to the Straight Through Processing (STP) Centralised Hub and Service Providers. The amendment introduces a new sub-clause to clause 3, requiring applicants to be assessed as 'fit and proper' based on criteria from the Securities and Exchange Board of India (Intermediaries) Regulations, 2008. This change is effective immediately and aims to protect investor interests and regulate the securities market, as authorized by Section 11 of the SEBI Act, 1992.
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