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of <h1>SEBI Updates Stock Brokers Regulations: Key Changes in Currency Derivatives and Clearing Member Requirements.</h1> The Securities and Exchange Board of India (SEBI) issued amendments to the Stock Brokers and Sub-Brokers Regulations, 1992, effective upon publication in the Official Gazette. The amendments include the addition of 'currency derivatives segment' in regulation 2, the substitution of 'clearing member' with 'clearing member or self-clearing member' in various sections, and the introduction of a requirement for self-clearing members in the currency derivatives segment to deposit a minimum of fifty lakh rupees with the clearing corporation. These changes aim to update and clarify the regulatory framework for stock brokers and sub-brokers.
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