ANMI Seeks SRO Status, a Greater say in Policy Making for the Broking Industry

/ -- Broking body seeks its due recognition as a partner in India's progress; also, recognition as the first-level regulator for brokers, at the 10th International Convention on Capital Markets
Urges government to engage in healthy discussions with the broking industry on important policy decisions and tax framework
Elaborating on the Convention theme, Mr. Naresh Tejwani, Convener of the ANMI Convention, said, "With evolving times, disruptive technologies are bound to trigger disruptive growth in the Capital Markets as well. The ANMI convention brings together all stakeholders of this industry under a single roof to identify the early indicators of the disruptions and be better prepared for the future growth by leveraging this era of disruption."

Mr. Rajesh Baheti, President, ANMI, pointed out, currently, brokerages and intermediaries are not even given the status of an industry or considered a responsible source of advice or policy feedback though they have played a big role in bringing about many important structural changes in the markets. He further added, "The Broking Industry plays a pivotal role, as a partner, in India's progress and it is high time that the industry be given its due recognition by a say in policy making and the role of a first-level regulator for the broking industry. Providing an SRO status to the industry will lead to enhanced supervision, fair conduct, ethical practices and investor protection. This, together with the policy reforms, would provide further impetus for growth of our capital markets."

About ANMI