SEBI notifies amendment of Securities and Exchange Board of India (Stock Brokers) Regulations [Read Notification]
SEBI – SEBI notifies amendment – amendment – SEBI notifies amendment of Securities Securities – Securities and Exchange – Securities and Exchange – taxscan
SEBI – SEBI notifies amendment – amendment – SEBI notifies amendment of Securities Securities – Securities and Exchange – Securities and Exchange – taxscan
The Securities and Exchange Board of India (SEBI) vide notification no. SEBI/LAD-NRO/GN/2023/140 issued on 24th July 2023 has notified the amendment of Securities and Exchange Board of India (Stock Brokers) Regulations, 1992.
These regulations may be called the Securities and Exchange Board of India (Stock Brokers) (Second Amendment) Regulations, 2023 and came into force on the date of official publication.
According to the amendment in the Securities and Exchange Board of India (Stock Brokers) Regulations, 1992, the changes are in regulation 10A,
(a) in the first proviso, after the words “the concerned clearing corporation”, the symbol ‘.’ shall be substituted with the symbol ‘:’;
(b) after the first proviso, the following shall be inserted, namely, – “Provided further that no separate registration shall be required for any person registered with the limited purpose clearing corporation as a participant for participating in the tri-party repo segment for undertaking proprietary trades in corporate bonds.”
(c) the existing Explanation shall be renumbered as Explanation 1.
(d) after Explanation 1, the following shall be inserted, namely, –
“Explanation 2. – For the purposes of these regulations, “participant” means any person who is an eligible entity as stipulated under the Repurchase Transactions (Repo) (Reserve Bank) Directions, 2018.”
To Read the full text of the Order CLICK HERE
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