Sebi Extends Deadline for Broker Compliance

The Securities and Exchange Board of India (Sebi) on Tuesday extended the timeline for stock brokers to submit their net worth certificate required for offering margin trading facilities to clients to relax the compliance burden and promote ease of doing business.

- PRESS TRUST OF INDIA

As per current norms, in order to be eligible to offer the margin trading facility to their clients, stock brokers are required to submit a half-yearly certificate from an auditor confirming their net worth as of March 31 and September 30 every year.