SEBI Relaxes Regulations For Stock Brokers In GIFT City

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SUMMARY

In a circular, SEBI said that stock brokers looking to offer their services can do so under a separate business unit (SBU) of the stock broking entity itself

Till now, it was mandatory for stock brokers to obtain an NOC from SEBI to set up subsidiaries or form JVs to offer such activities in GIFT-IFSC

GIFT-IFSCA will be responsible for matters related to policy, eligibility criteria, risk management, investor grievances, inspection, enforcement, and claims for these…



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SEBI Relaxes Regulations For Stock Brokers In GIFT City


SUMMARY

In a circular, SEBI said that stock brokers looking to offer their services can do so under a separate business unit (SBU) of the stock broking entity itself

Till now, it was mandatory for stock brokers to obtain an NOC from SEBI to set up subsidiaries or form JVs to offer such activities in GIFT-IFSC

GIFT-IFSCA will be responsible for matters related to policy, eligibility criteria, risk management, investor grievances, inspection, enforcement, and claims for these…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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