SEBI notifies SEBI (Stock Brokers and Sub- Brokers) (Amendment) Regulations, 2009

SEBI has notified the SEBI (Stock Brokers and Sub- Brokers) (Amendment) Regulations, 2009 with effect from November 19, 2009. The changes brought about by the amendment regulations are as follows:-

• SEBI has extended the deadline for trading members (in the currency derivative segment) to get their approved user and sales personnel to pass the certification programme prescribed by SEBI. The extended deadline for compliance by members is February 11, 2009.
• A trading or clearing member of any derivatives segment (other than currency derivative segment), who has been allowed by SEBI to trade or clear in the currency derivatives segment, should also pay the fees prescribed by SEBI.

A copy of the regulations is available here.