Sebi to overhaul 30-yr-old stock broker rules ‘ASAP’
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The Securities and Exchange Board of India (Sebi) plans to review stock broker regulations to strengthen risk management and data protection, its chairman Tuhin Kanta Pandey said on Tuesday. “We want to change it (the regulations) as soon as possible, maybe by December 2025,” Pandey said on the sidelines of an industry event. The rules for stock brokers were framed over 30 years ago. In August, Sebi came out with a discussion paper to rationalise the regulations, in which it also proposed to change the definition of algorithmic and proprietary trading, among other things. The regulator is also examining the technical glitch at the Multi Commodity Exchange (MCX), which disrupted trading activity last week. Live Events Pandey said a root-cause analysis is currently underway. “The last breakdown occurred in July, and it has happened again, which isn’t right. These issues have occurred multiple times. However, we can only comment after a prop...