https://www.taxtmi.com/circulars?id=66869 Category 2 Execution Only Platforms, registered as stock brokers and acting as agents of investors for direct mutual fund transactions, are required to maintain a Base Minimum Capital (BMC) deposit with the stock exchange; for members with multiple segment registrations on the same exchange the BMC is non-additive and the highest applicable BMC across segments applies. The circular modifies earlier SEBI BMC prescriptions, leaves other BMC provisions intact, and directs immediate implementation with stock exchanges required to update systems, amend relevant bye-laws, and disseminate the change. en-us Fri, 06 Oct 2023 00:00:00 +0530 Fri, 06 Oct 2023 18:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=66869 Category 2 Execution Only Platforms, registered as stock brokers and acting as agents of investors for direct mutual fund transactions, are required to maintain a Base Minimum Capital (BMC) deposit with the stock exchange; for members with multiple segment registrations on the same exchange the BMC is non-additive and the highest applicable BMC across segments applies. The circular modifies earlier SEBI BMC prescriptions, leaves other BMC provisions intact, and directs immediate implementation with stock exchanges required to update systems, amend relevant bye-laws, and disseminate the change. Circulars SEBI Fri, 06 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/circulars?id=66869