https://www.taxtmi.com/circulars?id=59089 Uniform membership structure requires the cash segment to adopt Trading Member, Self clearing Member, Clearing Member and Professional Clearing Member categories from April 01, 2019; brokers already registered as SCM/CM in derivatives will be mapped accordingly, others will continue as SCM but must meet the prescribed net worth requirement by September 30, 2019 or tie up with a CM/PCM for clearing and settlement. Exchanges and clearing corporations are directed to notify members, amend bye laws, monitor compliance and report implementation. en-us Fri, 11 Jan 2019 00:00:00 +0530 Fri, 11 Jan 2019 18:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=59089 Uniform membership structure requires the cash segment to adopt Trading Member, Self clearing Member, Clearing Member and Professional Clearing Member categories from April 01, 2019; brokers already registered as SCM/CM in derivatives will be mapped accordingly, others will continue as SCM but must meet the prescribed net worth requirement by September 30, 2019 or tie up with a CM/PCM for clearing and settlement. Exchanges and clearing corporations are directed to notify members, amend bye laws, monitor compliance and report implementation. Circulars SEBI Fri, 11 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=59089