SEBI's new Directive to Stock Broking Firms

[{"selector":"#anim-d536faa8-aa60-482d-b519-2837c3f4ba6d","keyframes":[{"offset":0,"transform":"translate3d(0, -441.52039%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.29,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.45,"transform":"translate3d(0, -124.155533668%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.61,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.71,"transform":"translate3d(0, -42.209349284000005%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.8,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.85,"transform":"translate3d(0, -15.850582001000001%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":0.92,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"},{"offset":0.96,"transform":"translate3d(0, -6.887718084%, 0)","easing":"cubic-bezier(.5, 0, 1, 1)"},{"offset":1,"transform":"translate3d(0, 0%, 0)","easing":"cubic-bezier(0, 0, .5, 1)"}],"delay":0,"duration":600,"fill":"both"}]

New regulations to come into force from 1st July 2023

[{"selector":"#anim-c69670fe-8730-42c2-8de5-ea4736c83056","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f0dd3baf-5822-40f1-b2f9-8b407906c8b3","keyframes":{"transform":["translate3d(0px, 237.00913%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-25a6829c-3199-48e7-ab5b-c272d0c62444 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}]

Investors' money cannot remain with stock brokers, surplus funds must be returned daily

[{"selector":"#anim-19cec60a-5a66-423c-8fc4-6c9a3991b8e1 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-cdeea87d-e1bd-4cc6-b263-d313bdd7d77e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5da7acd1-8e99-4f9a-afcf-0b98ebe79a21","keyframes":{"transform":["translate3d(0px, 161.39272%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

SEBI aims to prevent misuse of investors' money kept by stock broking firms

[{"selector":"#anim-c7605b79-f90a-4456-9a00-e0935cddb724 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(12.514648210040342%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-720f28a8-8cef-488a-981b-27160b6b0a50","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1c742448-c842-4731-8e86-ed5ea29a59e3","keyframes":{"transform":["translate3d(0px, 151.71529%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Previous rules required monthly or quarterly return of investors' money

[{"selector":"#anim-fba3bffa-cebe-454f-a27a-baa88ae5e1d1 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-02d4b638-9e43-47ce-a7c3-38b0e72a6fab","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-79ae8c2b-c8c4-4299-a26a-83f743a498c3","keyframes":{"transform":["translate3d(0px, 144.80286%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

New rules state funds must be transferred to stock brokers' bank accounts daily

[{"selector":"#anim-9d840583-13a1-4455-93c2-cde45f39342c [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-daea0fc0-a088-40fc-8708-d997eaae26ab","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-371e136d-c656-46c3-9af5-dfb09019df33","keyframes":{"transform":["translate3d(0px, 150.79365%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Alternatives suggested include transferring funds to clearing members or depositing in the bank

[{"selector":"#anim-3a6a7efd-75ff-44f8-9746-c4399a0c9ff3 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-24170cc1-e634-4c39-9601-dc4ca5944eec","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-396e48e8-eacb-457a-bb6e-0bd5893f0e59","keyframes":{"transform":["translate3d(0px, 139.27649%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Investors should be given back their unused money

[{"selector":"#anim-05083862-ee76-44b5-bd62-ea9862427c53 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-2b001d44-7272-41ea-89d0-24ed0cce3ccb","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b59b754e-c386-4cc9-845c-8c0c547d77e4","keyframes":{"transform":["translate3d(0px, 250.18216%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Stock broking companies anticipate difficulties in implementing the new regulations

[{"selector":"#anim-d2cfae4c-d658-4608-8efa-3d28f37e2560 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-578ba0d1-8118-482a-b578-76806d1fe52a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dc723f8a-ebc6-478d-99d9-8d11677c43b6","keyframes":{"transform":["translate3d(0px, 141.39853%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Concerns raised about handling money after cutoff time, payment by cheque, and commodity trading

[{"selector":"#anim-e625a25a-904d-42e2-ab08-b6262983d546 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(0%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-08caa036-ffa3-4a10-a40d-33af5aaf0f01","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-8a79d302-4adb-4d14-869a-9f1e885c30ee","keyframes":{"transform":["translate3d(0px, 147.96223%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Exchanges and SEBI urged to provide appropriate solutions to address stock broking companies' doubts

[{"selector":"#anim-4440a1e4-c30a-4a11-8314-48f50ece91ed [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(34.17135653902349%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-b19076c4-8446-4ebc-af6d-55764196cae5","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-58b5d578-26be-4711-820a-4d2e3a6b7860","keyframes":{"transform":["translate3d(0px, 135.62201%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}]

Also See: SEBIs 50-50 rule for cash and collateral components