Sebi extends collateral diktat by three months, rules kick next Feb

Industry regulator Sebi on Tuesday extended the timeline for shopper-level segregation and checking of collateral by three months.

“On the basis of representations acquired from stakeholders, it has been decided that (specified) provisions of the claimed (July 20) circular shall come into drive with influence from February 28, 2022 alternatively of December 01, 2021,” Sebi claimed in a circular.

The move is predicted to provide reduction to the broking market, which is grappling with a host of regulatory changes. The new framework is aimed at blocking misappropriation or misuse of client’s securities by brokers.

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