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of <h1>SEBI Allows Stock Brokers to Use Commercial Paper and Loans from Promoters for Margin Trading, Amends 2017 Circular.</h1> The Securities and Exchange Board of India (SEBI) issued a circular clarifying that stock brokers can utilize funds from sources other than banks and non-banking financial companies for margin trading facilities. Specifically, brokers are allowed to borrow through the issuance of Commercial Paper (CP) and unsecured long-term loans from promoters and directors, subject to compliance with RBI guidelines and the Companies Act. No other borrowing sources are permitted. Stock exchanges must implement these changes, amend relevant regulations, and inform member brokers. This circular amends a previous circular from June 13, 2017, while other conditions remain unchanged.
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