Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>SEBI Strengthens Governance and Compliance for Qualified Stock Brokers; New Rules Effective July 1, 2023.</h1> The Securities and Exchange Board of India (SEBI) has issued a circular to enhance the obligations and responsibilities of Qualified Stock Brokers (QSBs) due to their significant role in the Indian securities market. QSBs must adhere to strict governance, risk management, and cybersecurity standards, ensuring robust investor services and complaint redressal mechanisms. The designation of QSBs is based on parameters like active clients and trading volumes. SEBI mandates enhanced monitoring and compliance checks, with stock exchanges required to issue a list of QSBs and ensure adherence to the new regulations by July 1, 2023.