SEBI (Stock Brokers) (Second Amendment) Regulations, 2023

SECURITIES AND EXCHANGE BOARD OF INDIA (SEBI) (STOCK BROKERS) (SECOND AMENDMENT) REGULATIONS, 2023

No. SEBI/LAD-NRO/GN/2023/140.—In exercise of the powers conferred under section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Board hereby makes the following regulations to further amend the Securities and Exchange Board of India (Stock Brokers) Regulations, 1992, namely: –

1. These regulations may be called the Securities and Exchange Board of India (Stock Brokers) (Second
   Amendment) Regulations, 2023.
2. They shall come into force on the date of their publication in the Official Gazette.
3. In the Securities and Exchange Board of India (Stock Brokers) Regulations, 1992,
   
   (1) in regulation 10A,
   
   (a) in the first proviso, after the words “the concerned clearing corporation”, the symbol ‘.’ shall be substituted with the symbol ‘:’;
   
   (b) after the first proviso, the following shall be inserted, namely, –
   “Provided further that no separate registration shall be required for any person registered with the limited purpose clearing corporation as a participant for participating in the tri-party repo segment for undertaking proprietary trades in corporate bonds.”
   
   (c) the existing Explanation shall be renumbered as Explanation 1.
   
   (d) after Explanation 1, the following shall be inserted, namely, –
   “Explanation 2. – For the purposes of these regulations, “participant” means any person who is an
   eligible entity as stipulated under the Repurchase Transactions (Repo) (Reserve Bank) Directions,
   2018.”

Notification

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