BSE Ltd.

03/03/2023 | Press release | Distributed by Public on 03/03/2023 11:41

Enhanced Obligations and Responsibilities on Qualified Stock Brokers (QSBs)

NOTICES
Notice No. 20230303-66 Notice Date 03 Mar 2023
Category Compliance Segment General
Subject Enhanced Obligations and Responsibilities on Qualified Stock Brokers (QSBs)
Content

SEBI, vide Gazette Notification dated January 17, 2023, amended the SEBI (Stock Brokers) Regulations, 1992 for designating certain stock brokers as QSBs. Subsequently, SEBI vide circular no. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/24 dated February 06, 2023, on "Enhanced obligations and responsibilities on Qualified Stock Brokers (QSBs)" enumerated the parameters for designating certain stock brokers, having regard to their size and scale of operations, likely impact on investors and securities market, as well as governance and service standards, as Qualified Stock Brokers (QSBs), on the basis of certain parameters and appropriate weightages thereon.

<_o3a_p> Accordingly, on the basis of the parameters defined in the aforesaid circular, the list of designated Qualified Stockbrokers (QSBs) is enclosed herewith as Annexure A (list is in alphabetical order and is not indicative of ranking). These QSBs shall be required to meet enhanced obligations and discharge additional responsibilities. Enhanced monitoring of QSBs shall be carried out by all Exchanges w.e.f. July 01, 2023.<_o3a_p>

Exchange shall issue separate notice on Operating guidelines/comprehensive framework for carrying out enhanced monitoring of Qualified Stock Brokers (QSBs).<_o3a_p>

Members are requested to take note of the contents of the notice and comply.<_o3a_p>

In case of any queries/clarifications, you may reach us on the following contact details.<_o3a_p>

<_o3a_p>

Contact Nos.<_o3a_p>

Email ID<_o3a_p>

022- 2272 8435/5785<_o3a_p>

[email protected]<_o3a_p>

<_o3a_p>

<_o3a_p>

For and on behalf of BSE Ltd.<_o3a_p>

<_o3a_p>

Sandeep Sharma Richa Ghosh<_o3a_p>

Asst. Gen. Manager Asst. Gen. Manager<_o3a_p>

Brokers' Supervision Brokers' Supervision <_o3a_p>

Annexure A<_o3a_p>

<_o3a_p>

List of Stock Brokers designated as Qualified Stock Brokers is in alphabetical order and is not indicative of ranking.<_o3a_p>

S. No.<_o3a_p>

Name of the Stock Brokers<_o3a_p>

1<_o3a_p>

5PAISA CAPITAL LIMITED<_o3a_p>

2<_o3a_p>

ANAND RATHI SHARE AND STOCK BROKERS LIMITED<_o3a_p>

3<_o3a_p>

ANGEL ONE LIMITED<_o3a_p>

4<_o3a_p>

GLOBE CAPITAL MARKET LIMITED<_o3a_p>

5<_o3a_p>

HDFC SECURITIES LTD.<_o3a_p>

6<_o3a_p>

ICICI SECURITIES LIMITED<_o3a_p>

7<_o3a_p>

IIFL SECURITIES LIMITED<_o3a_p>

8<_o3a_p>

JAINAM BROKING LIMITED<_o3a_p>

9<_o3a_p>

KOTAK SECURITIES LTD<_o3a_p>

10<_o3a_p>

MOTILAL OSWAL FINANCIAL SERVICES LIMITED<_o3a_p>

11<_o3a_p>

NEXTBILLION TECHNOLOGY PRIVATE LIMITED<_o3a_p>

12<_o3a_p>

NUVAMA WEALTH AND INVESTMENT LIMITED<_o3a_p>

13<_o3a_p>

RKSV SECURITIES INDIA PRIVATE LIMITED<_o3a_p>

14<_o3a_p>

SHAREKHAN LTD.<_o3a_p>

15<_o3a_p>

ZERODHA BROKING LIMITED<_o3a_p>

<_o3a_p>