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]

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Join us on Whatsapp

taxguru on whatsapp GROUP LINK

Join us on Telegram

taxguru on telegram GROUP LINK

Download our App

  

More Under SEBI

Leave a Comment

Your email address will not be published. Required fields are marked *

Search Posts by Date

February 2024
M T W T F S S
 1234
567891011
12131415161718
19202122232425
26272829