Securities and Exchange Board of India (Stock Brokers and Sub-Brokers) (Second Amendment) Regulations, 2011. - LAD-NRO/GN/2011-12/19/26273 - SEBI

SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 17 th August, 2011 Securities and Exchange Board of India (Stock Brokers and Sub-Brokers) (Second Amendment) Regulations, 2011 F.NO. LAD-NRO/GN/2011-12/19/26273.- In exercise of the powers conferred by 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 and Sub-Brokers) Regulations, 1992, namely :- 1. These Regulations may be called the Securities and Exchange Board of India (Stock Brokers and Sub-Brokers) (Second Amendment) Regulations, 2011. 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 Sub-Brokers) Regulations, 1992 :- (i) in regulation 17, in sub-regulation (l), clause (n) shall be substituted with the following, namely:- (n) Client account opening form in the format as may be specified by Board. (ii) in regulation 26, existing clause(xii), shall be substituted with the following, namely :- (xii) Failure to maintain client account opening form. (iii) in Schedule II, (a) under the head Code of Conduct for Stock Brokers , clause D shall be omitted. (b) under die head Code of Conduct for Sub-Brokers , in clause C, sub-clause (4) shall be omitted. U.K. SINHA, Chairman [ADVT III/4/69-ZB/11/Exty.] 1. Securities and Exchange of India (Stock Brokers and Sub-Brokers) Regulations, 1992, the Principal Regulations, was published in the Gazette of India on October 23, 1992 vide No. S.O.780 (E). 2. The Principal Regulations were subsequently amended on : (a) November 28, 1995 by the SEB] (Payment of Fees) (Amendment) Regulations, 1995 vide No. SO. 939(E). (b) January 5, 1998 by SEBI (Stock Brokers and Sub-Brokers) (Amendment) (Regulations), 1998 vide No. S.O. 13(E). (c) January 21, 1998 by SEBI (Stock Brokers and Sub-Brokers) (Second Amendment) Regulations, 1998 vide No. S.O. 75(E). (d) December 16, 1998 by SEBI (Stock Brokers and Sub-Brokers) (Third Amendment) Regulations, 1998 vide No. S.O. 1078(E). (e) July 6, 1999 by SEBI (Stock Brokers and Sub-Brokers) (Amendment) Regulations, 1999 vide No. S.O. 541(E). (f) March 14, 2000 by SEBI (Stock Brokers and Sub-Brokers) (Amendment) Regulations, 2000 vide No. S.O. 234(E). (g) March 28, by SEBI Appeal to Securities Appellate Tribunal) (Amendment) Regulations, 2000 vide No. S.O.278(E). (h) August 30, 2000 by SEBI (Stock Brokers and Sub-Brokers) (Second Amendment) Regulations, 2000 vide No. S.O. 787(E) (i) May 29, 2001 by SEBI (Investment Advice by Intermediaries) (Amendment) Regulations, 2001 vide No. S.O.476 (E). (j) November 15, 2001 by SEBI (Stock Brokers and Sub-Brokers) (Amendment) Regulations, 2001 vide No. S.O. 1128(E). (k) February 20, 2002 by SEBI (Stock Brokers and Sub-Brokers) (Amendment) Regulations, 2002 vide No. S.O. 220(E). (l) September 27, 2002 by SEBI (Procedure for Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002 vide No. S.O. 1045 (E). (m) September 23, 2003 by the SEBI (Stock Brokers and Sub-Brokers) (Amendment) Regulations, 2003 vide No. S.O. 1095(E). (n) November 20, 2003 by the SEBI (Stock Brokers and Sub-Brokers) (Second Amendment) Regulations, 2003 vide F. No. SEBI/LAD/20795/2003. (o) March 10, 2004 by tie Securities and Exchange Board of India (Criteria for Fit and Proper Person) Regulations, 2004 vide No. S.O. 398 (E). (p) August 7, 2006 by the SEBI (Stock Brokers and Sub-Brokers) (Second) (Amendment) Regulations, 2006 vide No. S.O. 1235(E). (q) September 7, 2006 by the Securities and Exchange Board of India (Stock Brokers and Sub-Brokers) (Second Amendment) Regulations, 2006 vide No. S.O. 1447(E). (r) September 25, 2006 by the Securities and Exchange Board of India (Stock Brokers and Sub-Brokers) (Third Amendment) Regulations, 2006 vide No. S.O. 1600(E). (s) May 26, 2008 by the Securities and Exchange Board of India (Intermediaries) Regulations, 2008 vide Notification No. LAD-NRO/GN/2008/11/126538. (t) 11, 2008 by the Securities and Exchange Board of India (Stock Brokers and Sub-Brokers) (Amendment) Regulations, 2008 vide Notification No. LAD-NRO/GN/2008/20/134766. (u) June 29, 2009 by the Securities and Exchange Board of India (Payment of Fees) (Amendment) Regulations, 2009 vide Notification No. LAD-NRO/GN/2009-10/11/167759. (v) November 19, 2009 by the Securities and Exchange Board of India (Stock Brokers and Sub-Brokers) (Amendment) Regulations, 2009 vide Notification No. LAD-NRO/GN/2009-10/21/183853. (w) April 13, 2010 by die Securities and Exchange Board of India (Stock Brokers and Sub-Brokers) (Amendment) Regulations 2010 vide Notification No. LAD-NRO/GN/2010-11/06/1097. (x) April 6,2011 by the Securities and Exchange Board of India (Stock Brokers and Sub-Brokers) (Amendment) Regulations, 2011 vide Notification No. F. No. LAD-NRO/GN/2011-12/01/11486. (y) April 19, 2011 by the Securities and Exchange Board of India (Change in Conditions of Registration of Certain Intermediaries) (Amendment) Regulations, 2011 vide Notification No. LAD-NRO/GN/2011-12/03/12650.