https://www.taxtmi.com/acts?id=52431 Regulation 47 requires members to maintain either specified base networth thresholds or a higher variable networth (not applicable to Execution Only Platforms), with segment-specific minima for Currency Derivatives. Networth is reckoned across all segments. Base networth comprises paid-up capital, certain convertible instruments, free reserves and Board-approved securities, and excludes fixed assets, pledged/unallowable securities, most debts, prepaid expenses, losses, intangibles and 30% of marketable securities. Post-haircut pledged shares and higher sectoral regulator standards apply where relevant. en-us Thu, 08 Jan 2026 12:03:45 +0530 Thu, 08 Jan 2026 12:03:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=52431 Regulation 47 requires members to maintain either specified base networth thresholds or a higher variable networth (not applicable to Execution Only Platforms), with segment-specific minima for Currency Derivatives. Networth is reckoned across all segments. Base networth comprises paid-up capital, certain convertible instruments, free reserves and Board-approved securities, and excludes fixed assets, pledged/unallowable securities, most debts, prepaid expenses, losses, intangibles and 30% of marketable securities. Post-haircut pledged shares and higher sectoral regulator standards apply where relevant. Act-Rules SEBI Thu, 08 Jan 2026 12:03:45 +0530 https://www.taxtmi.com/acts?id=52431