Measures to instil confidence in securities market – Brokers’ Institutional mechanism for prevention and detection of fraud or market abuse

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....gnized Stock Exchanges Dear Sir/Madam, Subject: Measures to instil confidence in securities market - Brokers' Institutional mechanism for prevention and detection of fraud or market abuse 1. Chapter IVA of the Securities and Exchange Board of India (Stock Brokers) (Amendment) Regulations, 2024 (hereinafter referred to as the "Broker Regulations") requires stock brokers to put in place an ....

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....on for all the stock brokers by providing enough time for stock brokers, based on their size, for making necessary changes. 3.2. Based on the above, the effective date for implementation for different stock brokers has been prescribed in the table below: Number of active UCCs* of stockbroker Applicability of Operational / working Modalities & Guidance Note > 50,000 January 01, 2025 ....

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....a joint notice clearly indicating the date of applicability of the circular to various stock brokers based on the criteria mentioned above; 4.4. notify the obligation/requirement on the stock brokers to follow the standards adopted by the ISF, in consultation with SEBI. 4.5. communicate to SEBI, the status of the implementation of the provisions of this circular in their monthly development ....