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…