Economic TimesLean R·
Sebi review to ensure broker net worth rules align with risk: Sebi Chief
The Securities and Exchange Board of India (Sebi) is reviewing the framework for variable net worth requirements for stockbrokers to ensure that capital requirements are aligned with their operational scale and risk, Chairman Tuhin Kanta Pandey said on Monday.Currently, variable net worth is linked to 10% of the average daily client cash balance retained by brokers. In April, the regulator proposed a more comprehensive, risk-based approach.It had then said variable net worth would be computed a…
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