SEBI Releases Updated Master Circular for Stock Brokers, Effective August 2024, u/s 11(1) of SEBI Act 1992.
The Securities and Exchange Board of India (SEBI) has issued an updated Master Circular for Stock Brokers, consolidating all relevant circulars and guidelines issued up to August 9, 2024. This updated circular supersedes the previous version dated May 22, 2024, and rescinds specific instructions related to stock brokers from earlier circulars. Actions and applications under rescinded circulars will be considered under the new provisions. The circular is issued under the authority of Section 11(1) of the SEBI Act, 1992, and is accessible on the SEBI website.
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