Introducing the “In Favour Of” filter in Case Laws.
- ⚖️ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- 🔍 Narrow down results with higher precision
Try it now in Case Laws →
TaxTMI Login
🚀 New Feature Launched ✕
Just a moment...
Introducing the “In Favour Of” filter in Case Laws.
Try it now in Case Laws →
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>SEBI Circular Introduces Direct Market Access for Faster Trading; Brokers Must Apply for Approval and Ensure Compliance.</h1> The circular introduces the Direct Market Access (DMA) facility, allowing brokers to provide clients direct access to exchange trading systems through the broker's infrastructure. DMA offers advantages such as faster order execution, reduced manual errors, and increased transparency. Brokers must apply to stock exchanges for DMA approval, ensuring compliance with specified conditions. Operational specifications include maintaining audit trails and security features. Initially, DMA is restricted to institutional clients, requiring a broker-client agreement outlining usage and risk management protocols. Brokers are liable for DMA trades and cannot cross client orders. Exchanges must amend rules and report implementation status to SEBI, with a review scheduled after six months.
TaxTMI 
TaxTMI 
