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of <h1>SEBI Enforces Separation of Trading and Management Roles at Jaipur Stock Exchange; Amends Articles to Prohibit Broker Leadership Roles.</h1> The Securities and Exchange Board of India (SEBI) issued a notification on April 17, 2002, mandating the segregation of ownership and trading membership from the management of stock exchanges. This directive, initially ordered on January 10, 2002, required all stock exchanges to amend their rules within two months. Jaipur Stock Exchange Limited failed to comply within the stipulated time. Consequently, SEBI amended the Articles of Association of Jaipur Stock Exchange Limited, prohibiting broker members from holding positions as President, Vice President, or Treasurer of the exchange. These amendments aim to ensure the separation of trading and management roles.
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