Tuesday May 9 2017

News Source: Global Exchanges

Focus: Trading Systems and Technology

Type: General




The Securities and Exchange Board of India (SEBI) has decided to operationalise the Securities and Exchange Board of India Intermediary Portal for intermediaries to submit all the registration applications online. The SEBI Intermediary Portal shall include online application for registration, processing of application, grant of final registration, application for surrender / cancellation, submission of periodical reports, requests for change of name/address/ other details, etc.

SEBI Intermediary Portal is made operational for following intermediaries:

  • Stock Brokers
  • Sub-brokers
  • Merchant Bankers (MB)
  • Underwriters (UW)
  • Registrar to an Issue and Share Transfer Agents (RTA)
  • Debenture Trustees (DT)

Furthermore, SEBI Intermediary Portal will be operational for depository participants from May 31, 2017.

All applications for registration/ surrender/other requests shall be made through SEBI Intermediary Portal only. The applications in respect of stock brokers/ sub-broker and depository participants shall continue to be made through the stock exchanges and depositories respectively.

The applicants will be separately required to submit relevant documents viz. declarations/ undertakings required as a part of application forms prescribed in relevant regulations, in physical form, only for records without impacting the online processing of applications for registration.

Where applications are made through the stock exchanges / depositories, the hard copy of the applications made by their members shall be preserved by them and shall be made available to SEBI, as and when called for.

Stock exchanges / clearing corporations and Depositories are directed to:

  • take necessary steps to put in place systems for implementation of the circular, including necessary amendments to the relevant bye-laws, rules and regulations;
  • bring the provisions of this circular to the notice of their members and also disseminate the same on their websites;

Click on the above for more information.