E Amazings – Money management
  • Home
  • Automotive
  • Business
  • CBD
  • Crypto
  • Education
  • Entertainment
  • Fashion
  • Finance
  • Health
  • Home Improvement
  • Law \ Legal
  • News
  • Shopping
  • Sports
  • Technology
  • Travel
  • Need Help?

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

What Closing Costs Do Home Buyers Have?

February 25, 2023

What Is Realtek HD Audio Manager

February 2, 2023

A Basic Guide To Cell Tower Leasing

February 2, 2023
Facebook Twitter Instagram
E Amazings – Money management
  • Home
  • Automotive
  • Business
  • CBD
  • Crypto
  • Education
  • Entertainment
  • Fashion
  • Finance
  • Health
  • Home Improvement
  • Law \ Legal
  • News
  • Shopping
  • Sports
  • Technology
  • Travel
  • Need Help?
Facebook Twitter Instagram
E Amazings – Money management
You are at:Home»Business»Zee Biz Exclusive: Sebi contemplating concept of Systemically Important Brokers to safeguard interests of brokers, investors – What it is? Its meaning? EXPLAINED
Business

Zee Biz Exclusive: Sebi contemplating concept of Systemically Important Brokers to safeguard interests of brokers, investors – What it is? Its meaning? EXPLAINED

By June 10, 2022No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter Pinterest WhatsApp Email

[ad_1]

Markets regulator SEBI is contemplating a new concept to additionally safeguard big brokers and investors connected to them. This concept – Systemically Important Brokers – might be like the Systemically Important Status concept as implemented by RBI for big banks and non-banking finance companies. According to the sources, this discussion is in the primary stage but this may prove to be really important considering the numbers of new investors added into to the market and increased size of brokers.

After Karvy Stock Brokings failure, Sebi is taking new steps to safeguard the interests of brokers and investors, and the concept of Systemically Important Brokers (SIB) is in line with the same. As per Zee Business sources, if the concept advances into further stages, then strict norms pertaining to capital structure and risk management may be brought in for brokers. Also, additional measures on technical aspects and their capacity to absorb shocks may be suggested. 

However, there is lot that needs to be discussed and debated for deciding the criteria for the systemically important tag but as per market experts and broking business veterans, there might be multiple parameters like size of business in terms of turnover, AUM, number of active clients and their interconnectedness into the whole system. Though many believe that number of active clients must be a criterion for this tag. 

If the number of active client criterion gets significance, then many brokers may be impacted. 

बड़े ब्रोकर्स के लिए सिस्टमकिली इंपॉर्टेंट ब्रोकर्स के कॉनस्पेट पर सेबी में शुरुआती चर्चा।

बड़े ब्रोकर्स के लिए इस कॉन्सेप्ट का क्या हो सकता है मतलब? पूरी खबर बता रहे हैं ब्रजेश कुमार।@SEBI_India | @NSEIndia | @BSEIndia | @AnilSinghvi_ | @BrajeshKMZee | @talktotarun pic.twitter.com/pkKbxJMNie

— Zee Business (@ZeeBusiness) June 9, 2022

However, all brokers don’t update the clients ‘ number regularly but the public data available as of March 2022 reveals that, Zerodha is at top with around 64 lakhs active clients, Upstox has 58 lakhs, Groww has 40 lakhs, Angel One has around 37 lakh active clients.  ICICI Securities has 30 lakhs, Kotak Securities has 13 lakhs, HDFC Securities has 11.5 lakhs and IIFL Securities has 11.5 lakhs active clients.

According to people in the know of the discussion, if the initial discussion is fruitful then SEBI may come up with a consultation paper at a later stage. 



[ad_2]

Related Posts

Air Duct Repair 101: Everything You Need To Know

By Corbin BowenFebruary 2, 2023

Advantage LIC? How Budget Insurance Amendment Bill may benefit the PSU insurance giant

By January 5, 2023

LIC offering multiple benefits on premium payment with co-branded credit cards with Axis Bank: Check features, offer

By January 5, 2023

Foreign universities will need UGC’s nod to set up campuses in India

By January 5, 2023
Add A Comment

Comments are closed.

Our Picks

What Closing Costs Do Home Buyers Have?

By Corbin BowenFebruary 25, 2023

What Is Realtek HD Audio Manager

By Corbin BowenFebruary 2, 2023

A Basic Guide To Cell Tower Leasing

By Corbin BowenFebruary 2, 2023
Recent Posts
  • What Closing Costs Do Home Buyers Have? February 25, 2023
  • What Is Realtek HD Audio Manager February 2, 2023
  • A Basic Guide To Cell Tower Leasing February 2, 2023
  • Air Duct Repair 101: Everything You Need To Know February 2, 2023
  • Advantage LIC? How Budget Insurance Amendment Bill may benefit the PSU insurance giant January 5, 2023
  • The Flight Of The Dremel January 5, 2023
  • LIC offering multiple benefits on premium payment with co-branded credit cards with Axis Bank: Check features, offer January 5, 2023
Archives
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • September 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
Facebook Twitter Instagram Pinterest TikTok
© 2022 E Amazings - All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.