India's Sebi shortens internet trading approval time to 7 days, streamlining online trading.
India's market regulator, Sebi, has reduced approval time for internet-based trading services provided by brokers to 7 days, aiming to enhance efficiencies and make online trading more accessible. Brokers must still apply to respective stock exchanges for permission, and Sebi has abolished periodic confirmation of internet-based trading statistics, allowing exchanges to publish these based on broker details. New guidelines are immediately effective.
May 30, 2024
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