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    <title>Sebi chief rules out aptitude test for retailers in F&amp;O trade</title>
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    <description>Sebi rejected mandatory aptitude tests for retail Futures &amp; Options traders as impractical and potentially a regulatory overreach, noting existing targeted certification for registered participants, the administrative impracticality of testing millions of retail investors, and the need to respect individual choice; it also reiterated discouragement of leveraged trading due to high risk and characterised compulsive trading as a behavioural/addiction concern requiring different intervention.</description>
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