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TMI BlogNetworth and Deposit Requirements for Stock Brokers/ Clearing Members/ Self- Clearing MembersX X X X Extracts X X X X X X X X Extracts X X X X ..... moted by the respective stock exchange in the manner specified from time to time. 7 [ 3. The quantum of networth and deposit to be maintained by the trading member/ self-clearing member/ clearing member/ professional clearing member, dealing/clearing and settling trades in securities, shall be as specified in Table 1 and Table 2 of this Schedule. ] 4. The quantum of deposit to be maintained by the stock broker/clearing member shall be separately calculated segment wise. 8 [ 5. The quantum of networth to be maintained by the stock broker/clearing member, as specified in Table 1 of this Schedule, shall be reckoned for all segments/stock exchanges. ] 10 [ 6. (1) Where the trading member/ self-clearing member deposits the fund with the clearing ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... be entitled to act as an underwriter only out of its own net worth/funds as may be prescribed from time to time. ] 11 [ TABLE 1 NETWORTH FOR MEMBERS DEALING IN SECURITIES Type of Member Base Networt {within 1 year of the date of notification of the Securities and Exchange Board of India (Stock Brokers) (Amendment) Regulations, 2022} (in ₹) Base Networt {within 2 years of the date of notification of the Securities and Exchange Board of India (Stock Brokers) (Amendment) Regulations, 2022} (in ₹) Variable Networth {within 1 year of the date of notification of the Securities and Exchange Board of India (Stock Brokers) (Amendment) Regulations, 2022} # Trading Member - 1 crore 10% of average daily cash balance of clients retained with ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er s card, non-allowable securities (unlisted securities), bad deliveries, any debts and advances (except trade debtors of less than 3 months), prepaid expenses, losses, intangible assets and 30% value of marketable securities: Provided that in case of securities pledged to clearing corporation, the post haircut value of shares owned by the Trading Member / Clearing Member, as may be specified by the Board from time to time, shall be considered for computation of the networth: Provided further that the deposit requirement specified for the debt segment shall not be applicable when a clearing member clears and settles all the trades only on gross basis for both securities and funds, without using settlement or trade guarantee fund: Provided ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... AD-NRO/GN/2021/14 dated 30-03-2021 6. Substituted vide Notification No. SEBI/LAD-NRO/GN/2022/73 dated 23-02-2022 before it was read as 1. The stock broker shall have a net-worth and shall deposit with the stock exchange a sum as may be specified by the Board/ Stock Exchange for the relevant segment from time to time. 7. Substituted vide Notification No. SEBI/LAD-NRO/GN/2022/73 dated 23-02-2022 before it was read as 2 [3. The quantum of networth and deposit to be maintained by- (a) the stock broker/ clearing member, dealing /clearing and settling trades in securities, other than commodity derivatives, shall be as specified in Table 1 of this Schedule; (b) the stock broker/ clearing member, dealing/ clearing and settling trades in commodity d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... it was read as 3 [ TABLE 1 NETWORTH AND DEPOSIT FOR MEMBERS DEALING IN SECURITIES, OTHER THAN COMMODITY DERIVATIVES] Segment Stock Broker (in Rs.) Clearing member (in Rs.) Self clearing member (in Rs.) Networth Deposit Networth Deposit Networth Deposit Cash * * * * * * Equity Derivatives * * 3 crore 50 lakh 1 crore 50 lakh Currency Derivatives 1 crore * 10 crore 50 lakh 5 crore 50 lakh Debt 50 Lakh (including for proprietary trading member) * 3 crore * 1 crore * * As may be specified by the Board from time to time 4 [TABLE 2 NETWORTH AND DEPOSIT FOR MEMBERS DEALING IN COMMODITY DERIVATIVES Type of member Networth (Amount in Rs.) Deposit (Amount in Rs.) For the members of For the members of National Commodity Derivatives Exchanges Regional ..... X X X X Extracts X X X X X X X X Extracts X X X X
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