Ease of doing business- Changes in reporting

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..... ing with the stock brokers. Clause 15 of SEBI master circular on stock brokers ("master circular") dated May 17, 2023 safeguards against misutilisation of clients' funds. Clause 42 safeguards against the use of one clients' collateral for another. Stock Exchanges and Clearing Corporations draw various reports from the stock brokers for this purpose. 2. SEBI received representations from various s .....

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..... :- 3.1. Clause 15.5.2 stands deleted. 3.2. Clause 15.5.3 stands modified whereby G principle is reiterated as follows: 15.5.3 Stock exchanges shall put in place a mechanism for monitoring of clients' funds ('G' principle) lying with the stock brokers on the principle enumerated below: G Principle: The total available funds i.e. cash and cash equivalent with the stock broker and with the clea .....

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..... the status of the implementation of the provisions of this circular in their monthly development report. 6. This circular is issued in exercise of powers conferred under Section 11(1) of the Securities and Exchange Board of India Act, 1992 read with Regulation 30 of SEBI (Stock Brokers) Regulations, 1992 and Regulation 51 of Securities Contracts (Regulation) (Stock Exchanges and Clearing Corporat .....

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