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<h1>SEBI Framework Allows Stock Brokers to Grant Market Access via Authorized Persons; Defines Roles, Responsibilities, and Compliance.</h1> The circular issued by SEBI outlines a framework allowing registered stock brokers to provide market access to clients through authorized persons. It defines an authorized person as an individual or entity appointed by a stock broker to facilitate access to the trading platform. The circular specifies eligibility criteria, appointment procedures, and conditions for authorized persons, emphasizing that stock brokers are responsible for their actions. It mandates stock exchanges to amend rules to implement this framework and maintain a database of authorized persons. The circular aims to protect investor interests and enhance market reach while ensuring compliance and accountability.