TaxTMI 
TaxTMI 
Ease of doing business (EODB) - Policy for joint annual inspection by MIIs – information sharing mechanism– action by Lead MII
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....rations Madam / Sir, Sub: Ease of doing business (EODB) - Policy for joint annual inspection by MIIs - information sharing mechanism- action by Lead MII 1. SEBI vide circular CIR/HO/MIRSD/MIRSD2/CIR/P/2017/73 dated June 30, 2017(hereinafter mentioned as 'Circular') and para 14 of Master Circular for stock brokers dated June 17, 2025 (hereinafter mentioned as 'Master Circular'), specified ....
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.... annual inspections shall be inspected for all segments jointly by all exchanges along with their depository participant (DP) operations (if broker is also registered as DP) and clearing activity (if the broker is undertaking clearing for other brokers). DP operations and clearing activity undertaken by entities shall be inspected by Depositories and Clearing Corporations, respectively. T....
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....of when they were last inspected. b. Top 25 entities in terms of investor complaints and arbitration cases filed by investors, as percentage of number of active clients shall be inspected irrespective of the fact of when they were last inspected. c. Top 25 entities based on 'High risk score' under Risk Based Supervision. ii. Entities that do not fall under any of the abo....
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.... of the fact of when the last inspection was carried out. 5. MIIs are advised to frame a joint Standard Operating Procedure (SOP) by November 01, 2025 for detailed specifications of inspection criteria, information sharing mechanism and designating one MII as a 'Lead MII', which will initiate enforcement action for such inspections. 6. MIIs are advised to continuously review the policy of an....