The companies, products and regulatory developments shaping the broker industry.
SEBI’s FY2025–26 studies reveal that individual derivatives participation fell while aggregate transaction costs remained near ₹24,859 crore, with hundreds of thousands of customers moving from gross profit to net loss after charges.
India’s securities regulator has established a working group to reassess listing eligibility, investor participation and capital raising for research-intensive companies.
SEBI and the Bank of England have agreed to cooperate on oversight of SEBI-recognised clearing corporations; the MoU does not itself license clearing members or exempt overseas firms.
SEBI moves selected FPI reviews to eight-year intervals from 1 December, while retaining two-year reviews for higher-risk categories and separate exceptions.
SEBI removes the India-location requirement for digital onboarding of qualifying non-resident clients, while demanding verifiable video identity checks and portable KYC records.
The Indian firm disclosed a ₹10 lakh adjudication order involving its merchant-banking work and SME offering documentation, a different role from ordinary client order execution.
India’s regulator identified failures to independently inspect a broker’s authorised person and its terminal controls in a case originating from suspected Axis Mutual Fund front-running.
India has published practical access to its 2026 administrative and civil settlement framework, with separate application windows and a transition arrangement for existing proceedings.
The regulator is consulting on a prescribed NISM examination and a six-month compliance period. The proposal concerns the designated principal officer role, rather than every compliance employee.
From April 2027 SEBI will permit same-scheme, same-cycle cash netting for eligible outright mutual-fund trades; securities still settle gross.
SEBI applies one aggregate USD5m equivalent limit across relevant INR currency derivatives and venues, subject to different rules for qualifying underlying exposure.
AIF managers, specialised-fund managers and portfolio managers gain an accreditation route with continuing evidence obligations; it is not a blanket exemption from investor-protection rules.
Two 2 November circulars permit specified depository receipts backed by Indian REIT and InvIT units on GIFT City exchanges, with governance, residency and custodian safeguards.
The Indian regulator penalises Woodstock Broking, Marfatia Stock Broking and two directors over trading-terminal access that facilitated investigated front-running; other noticees were not fined in this adjudication.
Indian securities regulator SEBI and the Digital India BHASHINI Division sign a language-technology agreement covering investor education and access to financial information. The programme is exploratory.