Recently, as you are aware, some member brokers of your exchange have corporatised their memberships and accordingly applied to us for their SEBI Registration. We have completed the work of granting registration to the corporate members. Consequently, all sub-brokers affiliated to those member brokers who have corporatised their cards, will also need to apply to SEBI for transfer of their affiliation
Further to the amendments to the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996, which were notified on 12th January, 1998, a Corrigendum to the amended Regulations has been notified on 6th February, 1998, a copy of which is enclosed.
