India Proposes Stricter Net Worth Rules for Brokers
The Securities and Exchange Board of India released a paper today proposing capital requirements based on client credit balances and active user counts. Public comments on the new variable net worth norms are open until May 15.
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The markets regulator in India has moved to strengthen the financial stability of the brokerage industry by proposing stricter variable net worth requirements. The Securities and Exchange Board of India (SEBI) released a consultation paper on Friday outlining a new framework designed to align capital mandates more closely with the operational risks faced by firms and to enhance the protection of investor interests.
