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of <h1>SEBI Amends Regulation 35: Stock Brokers Must Meet New Net Worth Requirements Over Two Years to Register.</h1> The Securities and Exchange Board of India (SEBI) issued the Securities and Exchange Board of India (Depositories and Participants) (Amendment) Regulations, 2022, effective upon publication in the Official Gazette. The amendment modifies Regulation 35 of the 2018 regulations, requiring stock brokers to have a net worth of three crore rupees within one year and five crore rupees within two years from the notification date. Additionally, self-clearing members meeting the net worth criteria under the Securities and Exchange Board of India (Stock Brokers) Regulations, 1992, can register as depository participants.
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