Internet-based Trading: Sebi Reduces Approval Time To 7 Days For Brokers
7 months, 1 week ago

Internet-based Trading: Sebi Reduces Approval Time To 7 Days For Brokers

News 18  

Markets regulator Sebi on Thursday significantly reduced the time taken by stock exchanges for granting approval to stock brokers for internet-based trading to seven days from the current 30 days. Under the rule, the broker is required to apply to the respective stock exchange for formal permission to provide internet-based trading services. Additionally, the regulator has abolished the existing requirement of periodic confirmation of internet-based trading statistics by stock brokers before they are published by stock exchanges. The decision has been taken after Sebi received requests pertaining to internet-based trading from the Industry Standard Forum of stock brokers.

History of this topic

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