Commencement notification for Execution Only Platforms under the Securities and Exchange Board of India (Stock Brokers) Regulations, 1992
SEBI) has announced the commencement date for Execution Only Platforms under the Stock Brokers Regulations. This notification, issued under the powers conferred by the Securities and Exchange Board of India Act, 1992, specifies the provisions that will become effective from September 1, 2023. The provisions include sub-regulation (1A) of regulation 17, the addition of Execution Only Platforms in the relevant table, and exemptions related to net worth requirements.
Securities And Exchange Board Of India
Notification No. SEBI/LAD-NRO/GN/2023/133 |Dated :19th June, 2023
No. SEBI/LAD-NRO/GN/2023/133 .—In exercise of the powers conferred by section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby appoints the 1st day of September, 2023, as the date on which the following provisions of the Securities and Exchange Board of India (Stock Brokers) Regulations, 1992, shall come into force, namely:-
(i) Sub-regulation (1A) of regulation 17;
(ii) The row for ‘Execution Only Platforms’ in the Table of sub-clause (1) of clause 3 of Part B of Schedule V;
(iii) The remark ‘However, the requirement of Variable Networth shall not be applicable for Execution Only Platforms segment’ in Table 1 of Schedule VI;
(iv) The row for ‘Execution Only Platforms’ in Table 2 of Schedule VI.
BABITHA RAYUDU, Executive Director
[ADVT.-III/4/Exty./206/2023-24]
