To enhance regulatory efficiency as well as to promote ease of doing business for brokers by harmonizing and relaxing the reporting obligations, SEBI has modified the para 15 in the Master Circular for Stock Brokers dated June 17, 2025. It is, inter alia, provided that uniform nomenclature to be followed by stock brokers for Naming/Tagging of Bank and Demat Accounts and the reporting of such bank accounts to the Stock Exchanges. Stock broker which is also bank or primary dealer, shall be required to report only those bank accounts to the stock exchanges that are used for their stock broking activities.
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