Quick Summary
Department of Economic Affairs amends Rule 8 of the Securities Contracts (Regulation) Rules, 1957 Amendment gives regulatory clarity to enhance ease of doing business for brokers The Department of Economic Affairs (DEA), Ministry of Finance, amended Rule 8 of the Securities Contracts (Regulation) Rules (SCRR), 1957, via Gazette Notification G.S.R. 318(E). The amendment gives regulatory clarity to enhance ease of doing business for brokers. After taking note of the concerns raised by various
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FAQ :
Rule 8 of the Securities Contracts (Regulation) Rules, 1957 has been amended.
The main objective is to provide regulatory clarity and enhance the ease of doing business for brokers.
The amendment was deemed necessary due to the growth and interconnectedness of the financial sector, and the evolving nature of brokers' businesses, to ensure rules serve their intent without constraining activities.
Yes, the Department of Economic Affairs released a Consultation Paper in September 2024, inviting stakeholder comments on Rule 8 of the SCRR.
It is expected to ensure that market intermediaries continue to support the development of India's capital markets in a transparent and well-regulated manner.
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