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TaxTMI 
TaxTMI 
TaxTMI 
Single registration for Stock Brokers & Clearing Members
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...., 2014 amending the SEBI (Stock Brokers and Sub-Brokers) Regulations, 1992 (hereinafter referred to as Broker Regulations). As per the amendment, the existing requirement of obtaining registration as stock broker/ clearing member for each stock exchange/ clearing corporation has been done away with and instead a single registration with any stock exchange/ clearing corporation shall be required. F....
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....k exchange, then for operating on any other stock exchange(s) or any clearing corporation, the entity can directly apply for approval to the concerned stock exchange or clearing corporation, as per the procedure prescribed in the Broker Regulations for registration. The stock exchange/ clearing corporation shall report to SEBI about such grant of approval. c. Similarly, if any entity is already ....
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....cising due diligence and on being satisfied about the compliance of all relevant eligibility requirements, and shall also, interalia ensure: a. The applicant, its directors, proprietor, partners and associates satisfy the Fit and Proper Criteria as defined in the SEBI (Intermediaries) Regulations, 2008; b. The applicant has taken satisfactory corrective steps to rectify the deficiencies or irr....
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....seminate the same on their websites; b. make necessary amendments to the relevant bye-laws, rules and regulations for the implementation of the above decision in co-ordination with one another; and c. communicate to SEBI, the status of the implementation of the provisions of this circular through Monthly Development Report of the following month. 6. This circular is issued in exercise of powers....