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of <h1>SEBI Waives 5-Year Requirement for Multiple Stock Exchange Memberships u/r 8 of Securities Contracts Regulation Rules.</h1> The Securities and Exchange Board of India (SEBI) has updated criteria for multiple stock exchange memberships. Previously, individual members needed to have operated their membership for at least five years before applying for membership in another exchange. This requirement, outlined in a 1991 government circular, has been waived for both corporate and individual members, provided they were admitted in accordance with Rule 8 of the Securities Contracts (Regulation) Rules, 1957. Other criteria for multiple memberships remain unchanged.
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