Upstreaming of Client funds by Stock Brokers / Clearing members to CC Applicability from 1st July 2023   Operational requirement Open Bank accounts for Upstreaming and Down-streaming Upstreaming Client Nodal Bank Accounts (USCNBA) Down-streaming Client Nodal Bank Accounts (DSCNBA)   Bank account nomenclature For up-streaming – Name of the SB/CM – USCNBA Account For Down-streaming – Name of the SB/CM – DSCNB account   Open Client Nodal MFOS Account for subscription/redemption of MFOS   Upstreaming […]

Understanding the Regulatory Framework for Execution Only Platforms in Mutual Funds. Recent years have seen a significant increase in the number of investors utilising digital platforms provided by SEBI licensed Investment Advisors and Stock Brokers to make direct investments in Mutual Fund schemes. These internet marketplaces provide a practical means of doing business. But there haven’t been any detailed rules for these platforms, particularly for investors who aren’t customers of the brokers or advisers. This […]

WHO IS A MERCHANT BANKER? “Mercantile banker” is defined as any person who is engaged in the business of issue management, whether by making arrangements regarding the selling, buying, or subscribing of securities or by acting as manager, consultant, adviser, or providing corporate advisory service in relation to such issue management, by Section 2(cb) of the Securities and Exchange Board of India (merchant bankers) Regulations 1992. MERCHANT BANKERS REGISTRATION A- Request for certificate issuance An […]

To All Registered Stock Brokers Rapid changes in technology have made it easier to trade stocks electronically on the stock market. Technology-related risks include interruptions and problems with technology (technical glitches) and how they affect investors’ ability to trade. Because there are more and more of these kinds of problems, SEBI set up a working group to come up with ways to solve the problem. Based on what the working group said and what stakeholders […]

How to become a Stock Broker To become a stock broker, you must meet qualifications and do particular actions. Here is a broad description of what happens: Educational Qualifications: Get a bachelor’s degree in business, economics, finance, or a similar subject. A suitable educational background offers a solid basis for comprehending financial markets and ideas, however it is not required. Gain Relevant Experience: Gain appropriate experience in the financial sector to improve your prospects of […]