You are here: Home » Markets » News
Business Standard

Sebi extends collateral diktat by three months, rules kick next Feb

The move is expected to provide relief to the broking industry, which is grappling with a host of regulatory changes


BS Reporter  |  Mumbai 

Photo: Shutterstock

Market regulator on Tuesday extended the timeline for client-level segregation and monitoring of collateral by three months.

“On the basis of representations received from stakeholders, it has been decided that (certain) provisions of the said (July 20) circular shall come into force with effect from February 28, 2022 instead of December 01, 2021,” said in a circular.

The move is expected to provide relief to the broking industry, which is grappling with a host of regulatory changes. The new framework is aimed at preventing misappropriation or misuse of client’s securities by brokers.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, November 23 2021. 19:23 IST