Stock brokers: SEBI master circular updates registration, supervision, client fund safeguards, system audits and QSB obligations. SEBI issues an updated Master Circular for Stock Brokers consolidating prior circulars to June 10, 2025, superseding the August 09, 2024 master circular and rescinding specified prior circulars while preserving prior actions and liabilities. It prescribes registration and membership rules (including LLP admission and single registration), risk based inspections, half yearly internal audits and system audit regimes with web based monitoring, G Principle monitoring of client funds, an Early Warning Mechanism for diversion of client securities, and enhanced obligations for Qualified Stock Brokers covering governance, cyber security, business continuity and investor services.
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Stock brokers: SEBI master circular updates registration, supervision, client fund safeguards, system audits and QSB obligations.
SEBI issues an updated Master Circular for Stock Brokers consolidating prior circulars to June 10, 2025, superseding the August 09, 2024 master circular and rescinding specified prior circulars while preserving prior actions and liabilities. It prescribes registration and membership rules (including LLP admission and single registration), risk based inspections, half yearly internal audits and system audit regimes with web based monitoring, G Principle monitoring of client funds, an Early Warning Mechanism for diversion of client securities, and enhanced obligations for Qualified Stock Brokers covering governance, cyber security, business continuity and investor services.
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