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Sebi eases reporting norms for trading, clearing members
The Morning Standard
|September 27, 2024
MARKET watchdog Sebi has done away with as many as 90% of the reporting requirements for market makers like trading members, clearing members, and depository participants.
Issuing the new guidelines under what is calls the unified distiller file formats (UDIFF), Sebi on Thursday said the move is to promote standardised reporting and will help savings to the tune of over 200 crore over the next five years, as much as 90% of reporting requirements for brokers/ members, lower cost of entry for new fintechs, are done away with.
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