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<h1>SEBI Sets Guidelines for Straight Through Processing in Securities Market: Roles, Obligations, and Model Agreement Explained.</h1> The Securities and Exchange Board of India (SEBI) issued guidelines to regulate the Straight Through Processing (STP) service in the Indian securities market. The guidelines establish the roles and responsibilities of the STP centralised hub and service providers, including eligibility criteria, obligations, and a code of conduct. A model agreement between the STP centralised hub and service providers is also prescribed. These measures aim to streamline electronic trade processing and ensure secure and efficient communication between market participants. The guidelines are issued under the SEBI Act, 1992, and came into effect on May 26, 2004.