https://www.taxtmi.com/circulars?id=58259 SEBI realigns Base Minimum Capital requirements for stock brokers and trading members by prescribing profile-based BMC deposit levels distinguishing proprietary trading, client-only trading, mixed activity, and algorithmic trading. BMC is newly required for derivative trading members; deposits are non-additive across segments and reduced to forty percent for exchanges without nation-wide terminals. No exposure shall be granted against BMC; at least fifty percent must be cash or cash equivalents. Exchanges must amend bye-laws, notify members, report implementation, and may prescribe higher deposits based on risk perception. en-us Wed, 19 Dec 2012 00:00:00 +0530 Fri, 14 Dec 2018 11:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58259 SEBI realigns Base Minimum Capital requirements for stock brokers and trading members by prescribing profile-based BMC deposit levels distinguishing proprietary trading, client-only trading, mixed activity, and algorithmic trading. BMC is newly required for derivative trading members; deposits are non-additive across segments and reduced to forty percent for exchanges without nation-wide terminals. No exposure shall be granted against BMC; at least fifty percent must be cash or cash equivalents. Exchanges must amend bye-laws, notify members, report implementation, and may prescribe higher deposits based on risk perception. Circulars SEBI Wed, 19 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58259