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of <h1>SEBI Amends 2018 Regulations: Stock Exchanges Can Now Supervise Intermediaries with Approval Under New Regulation 38A.</h1> The Securities and Exchange Board of India (SEBI) has issued an amendment to the Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporations) Regulations, 2018, effective upon publication in the Official Gazette. This amendment introduces regulation 38A, allowing recognized stock exchanges to administer and supervise specified intermediaries with SEBI's approval, under specified terms and conditions. The amendment is part of a series of updates to the 2018 regulations, which have been revised multiple times since their initial publication to address evolving regulatory needs in the securities market.
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