Traders contend that the rules are strict, not necessary when the regulator has already reduced the brokers’ reliance on securities and client margin.
Topics
Sebi | stockbroker | Ajay tyagi
Sundar Sethuraman |
Last Updated on October 26, 2020 17:07 IST
The Indian Securities and Exchange Board’s (Sebi) plan to introduce capital adequacy rules is causing more heartburn for brokers. Stock brokers are already grappling with new guidelines around margin commitment, increasing the initial margin for intraday trading, and strict penalties for violating these rules. Sebi Chairman Ajay Tyagi, addressing a conference recently, spoke about the need to incorporate new capital adequacy rules. “There are all kinds of brokers in the system.
The net worth requirement was established nearly a decade ago. So that area needs reform. We will do it …
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First Post: Monday, Oct 26, 2020 5:02 PM IST
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