Wednesday 16 January 2019
Home      All news      Contact us      India
business-standard - 6 days ago

Sebi issues timelines for uniform membership structure in equity cash, derivatives segments

Regulator Sebi Friday came out with timelines as well as conditions for the implementation of uniform membership structure in equity derivatives and cash segments. The membership structure applicable in the equity derivatives segment would also be implemented in the cash segment from April 1, the watchdog said in a circular. It would be for trading member, self-clearing member, clearing member and professional clearing member. Unification of membership structure across equity cash and derivatives segments of stock exchanges is vital to facilitate ease of doing business, the circular said. Stock brokers in the cash segment who are already registered as a self-clearing member or as a clearing member in the derivatives segment would automatically have the same status in the cash segment from April 1, 2019. The professional clearing members would be treated the same in both the segments. Currently, stock brokers in the cash segment act as both trading as well as self-clearing members .

Related news

Latest News
Hashtags:   

issues

 | 

timelines

 | 

uniform

 | 

membership

 | 

structure

 | 

equity

 | 

derivatives

 | 

segments

 | 
Most Popular (6 hours)

Most Popular (24 hours)

Most Popular (a week)

Sources