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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>SEBI Streamlines Internet Trading for Brokers: Approval Time Cut to 7 Days, Eases Reporting Requirements.</h1> The Securities and Exchange Board of India (SEBI) has issued a circular to enhance the ease of doing business for stock brokers offering Internet Based Trading (IBT). The circular reduces the timeline for stock exchanges to grant permission for IBT services from 30 to 7 days. Additionally, the requirement for brokers to periodically confirm IBT trade statistics before publication is removed. Instead, exchanges will publish statistics based on IBT terminal details provided by brokers. This circular is effective immediately and aims to protect investor interests and regulate the securities market.
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