TaxTMI 
TaxTMI 
Simplification of registration requirements for Stock Brokers
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....fication No. LAD-NRO/GN/2013-14/25/24775 dated September 27, 2013 amending the SEBI (Stock Brokers and Sub-Brokers) Regulations, 1992 (hereinafter referred to as Broker Regulations). As per the amendment, the existing practice of obtaining multiple registrations for operating in different segments of a stock exchange / clearing corporation has been done away with and instead a single registration ....
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....of number of segments. b. If an entity is already registered with SEBI in any segment of the stock exchange, then for operating in any other segment of that stock exchange or for operating in the clearing corporation promoted by that stock exchange, the entity need not apply to SEBI. The entity can directly apply to the concerned stock exchange or clearing corporation as per the procedure....
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....shall continue to be applicable as per that Schedule till such time as the Schedule V becomes applicable to them. 3. The stock exchange or clearing corporation shall grant approval for any additional segment to the stock broker, self-clearing member or clearing member, as the case may be, after exercising due diligence and on being satisfied about the compliance of all relevant eligibility requ....
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....rations are directed to - a. bring the provisions of this circular to the notice of the Stock Brokers, Self Clearing members and Clearing members as the case may be, and also disseminate 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 ....