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SEBI - Highlights / Catch Notes

Home Highlights May 2024 Year 2024 This

SEBI issued a circular on Internet Based Trading (IBT) for stock ...


SEBI eases IBT rules for stock brokers! Permission process streamlined & reporting requirements simplified.

May 31, 2024

Circulars     SEBI

SEBI issued a circular on Internet Based Trading (IBT) for stock brokers to enhance ease of doing business. Stock brokers must apply to the exchange for IBT service permission, with the decision communicated within 7 days. Brokers providing IBT must report to the exchange as required. Exchanges will now compute IBT trade statistics based on broker-provided terminal details, eliminating the need for brokers to confirm statistics before publication. The circular, effective immediately, is issued u/s 11(1) of SEBI Act to safeguard investor interests and regulate the securities market.

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