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of <h1>SEBI Amends 1992 Regulations: Removes 'Sub-Broker' Term, Omits Clauses, Streamlines Stock Broker Rules Effective April 2019.</h1> The Securities and Exchange Board of India (SEBI) issued the Second Amendment to the Stock Brokers and Sub-Brokers Regulations, 1992, effective April 1, 2019. Key changes include the omission of certain clauses and chapters, such as Regulation 2(1)(gc), Chapter III, and Regulation 18B. Various forms in Schedules I and II are also omitted, along with specific clauses in Regulations 17 and 26. The term 'sub-broker' is removed throughout the regulations. This amendment aims to streamline and update the regulatory framework governing stock brokers and sub-brokers.
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