Securities and Exchange Board of India (SEBI), in collaboration with stock exchanges, has introduced a new technology-based common reporting mechanism named “Samuhik Prativedan Manch” (Collective Reporting Platform). Offered by the National Stock Exchange (NSE), this initiative aims to simplify, enhance transparency, and reduce compliance costs for stock brokers.
Previously, stock brokers registered with multiple exchanges were required to submit separate compliance reports to each exchange. The new mechanism will eliminate this redundancy, allowing these brokers to submit all their compliance reports to a single platform, thereby streamlining the process. This consolidation is expected to substantially reduce the compliance burden and associated costs for the brokerage community.
The implementation of the Samuhik Prativedan Manch will occur in phases. The first phase, effective from August 1, 2025, will encompass the submission of 40 specific compliance reports through the new system. This initial rollout is projected to benefit approximately 990 stock brokers who hold multiple memberships with NSE and other stock exchanges. Future phases are planned to standardize the submission of all remaining documents and expand the centralized reporting platform to include other intermediaries, such as commodity brokers. This move is part of SEBI’s broader objective to foster a regulatory environment that promotes ease of doing business for intermediaries and facilitates investments for the public.
Securities And Exchange Board of India
PR No.43/2025
Samuhik Prativedan Manch for Stock Brokers
SEBI encourages a regulatory framework that is simple, transparent, and cost-effective resulting in ease of doing business for the intermediaries and in turn ease of doing investments for investors. Streamlining and rationalising the compliance reporting is a key measure for achieving ease of doing business.
Towards this end, SEBI and Stock exchanges have now introduced a technology based common reporting mechanism (Samuhik Prativedan Manch) offered by NSE for stock brokers to submit their compliance reports. Stock brokers who are registered with multiple stock exchanges are currently required to submit compliance reports at all the Exchanges with which they are registered. They will now be able to submit compliance reports to the Samuhik Prativedan Manch at one exchange instead of multiple exchanges.
The Samuhik Prativedan Manch will eliminate the requirement to submit compliance reports to multiple exchanges where a stock broker is registered. This is expected to substantially reduce stock brokers’ compliance costs. The mechanism would be implemented in a phased manner with submission of 40 compliance reports in the first phase being implemented under Samuhik Prativedan Manch with effect from August 01, 2025. As a result, close to a thousand stock brokers (approximately 990) who have multiple membership with NSE and other stock exchanges would benefit from this initiative.
The later phases will standardise the remainder of the document submissions and encompass them in this centralised reporting platform, across the remainder of the brokers including Commodity brokers.
Mumbai
July 21, 2025
