New Master Circular updates rules for stock brokers; supersedes previous circular.

The Securities and Exchange Board of India (SEBI) issued a Master Circular consolidating and updating all relevant circulars/directions issued to Stock Brokers till August 09, 2024. This Master Circular supersedes the previous Master Circular dated May 22, 2024. The circulars listed at serial numbers 117-118 in the Appendix, to the extent relating to Stock Brokers, stand rescinded. However, any action taken, application made, right/obligation accrued, penalty incurred or legal proceeding initiated under the rescinded circulars remains unaffected. The Master Circular is issued u/s 11(1) of the SEBI Act, 1992. .....

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