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    <title>Implementation of the SEBI (Stock Brokers and Sub brokers) (Amendment) Regulations, 2003 and format of Model Tripartite Agreement</title>
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    <description>All brokers, including subsidiaries of recognized stock exchanges that are registered as stock brokers and their registered sub brokers, are required to comply with the Securities and Exchange Board of India (Stock Brokers and Sub brokers) (Amendment) Regulations, 2003, including changes to sub broker roles and the Model Tripartite Agreement. SEBI allowed a deferred compliance date for those exchange subsidiaries to permit necessary system changes and directed exchanges to notify member brokers and publish the circular.</description>
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