Sebi board clears one-time registration system for brokers

Written by Press Trust of India | Updated: Aug 11 2014, 06:27am hrs
To simplify procedural requirements in capital markets, Sebi on Sunday cleared a one-time single registration process for stock brokers and clearing entities to allow them to operate across different bourses, reports PTI. There will be a single registration for brokers. Their life will be made much easier now, Sebi chairman UK Sinha said. The proposal would replace the current practice of requiring a separate registration certificate to trade on each stock exchange. Sinha said that long ago we had a system that every broker had to take a decision with regard to investments made by them that they will have separate registrations...

Now, there is no need for separate registrations and a one-time registration will be done. That has been approved by the board.