THE GAZETTE OF INDIA
EXTRAORDINARY
PART –III– SECTION 4
PUBLISHED BY AUTHORITY
NEW DELHI, APRIL 5, 2013
SECURITIES AND EXCHANGE BOARD OF INDIA
NOTIFICATION
Mumbai, the 5th April, 2013
SECURITIES AND EXCHANGE BOARD OF INDIA
(STOCK BROKERS AND SUB-BROKERS) (AMENDMENT)
REGULATIONS, 2013
No. LAD-NRO/GN/2013-14/01/8 129 – 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 makes the following regulations to further amend the Securities and Exchange Board of India (Stock Brokers and Sub-brokers) Regulations, 1992, namely :-
1.These Regulations may be called the Securities and Exchange Board of India (Stock Brokers and Sub-brokers) (Amendment) Regulations, 2013.
2.They shall come into force on the date of their publication in the Official Gazette.
3. In the Securities and Exchange Board of India (Stock Brokers and Sub-brokers) Regulations, 1992,─
(i) in regulation 2,-
a. in clause (ae), after the words “currency derivatives segment of an exchange” the words “or debt segment of a stock exchange” shall be inserted;
b. after clause (c), following clause shall be inserted; namely:-
“(ca) “proprietary trading member” means a member of debt segment of a stock exchange which trades only on its own account or as permitted by its sectoral regulator;”;
c. in clause (fa), after the words “currency derivatives segment of a stock exchange” the words “or debt segment of a stock exchange” shall be inserted;
d. in clause (gd), after the words “currency derivatives segment of a stock exchange” the words “or debt segment of a stock exchange” shall be inserted.
(ii) After Chapter III B, the following new Chapter shall be inserted, namely:-
