SEBI has issued circular on ‘Review of Framework to address the ‘technical glitches’ in Stock Brokers’ Electronic Trading Systems’. SEBI has undertaken a series of measures to create a conductive regulatory
environment aimed at enhancing ease of compliance and in turn, facilitating ease of doing business for the market intermediaries. In furtherance of this objective, SEBI carried out review of the extant technical glitch framework for the stock brokers. Pursuant to public consultation and based on the feedback and views obtained from the stakeholders, the extant technical glitch is modified in line with ease of compliance for the stock brokers:
- Streamlining eligibility criteria
- Exemptions from applicability of Technical glitches
- Simplifying the reporting requirement
- Rationalised and cost effective based technology requirements
- Rationalisation in disincentive structure
