India's SEBI proposes changing when inactive trading accounts are settled to reduce broker admin burdens.

India's securities regulator, SEBI, proposes to update rules on settling inactive trading accounts. Currently, brokers must settle clients' funds within three working days if they have not traded in 30 days. The new proposal would instead settle these funds on the next monthly settlement date, reducing daily administrative burdens while maintaining investor protection. Public comments are invited until December 26.

4 months ago
5 Articles