05
Apr
Chandigarh: Certain stock brokers, due to various factors like their size, trading volumes and amount of clients’ funds handled by them, occupy a significant position in the Indian securities market, leading to concentration of activity among few stock brokers. In order to further strengthen the compliance and monitoring requirements relating to such stock brokers and to ensure efficient functioning of securities market, SEBI vide Circulars No. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/24 dated February 06, 2023 and SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2024/14 dated March 11, 2024, on “Enhanced obligations and responsibilities on Qualified Stock Brokers (QSBs)” enumerated the following parameters for designating certain stock brokers, as QSBs. 1. …