Measures to instill trust in securities market Expanding the framework of Qualified Stockbrokers (QSBs) to more stockbrokers Qualified Stockbroker (QSB) under Voluntary Category.

NOTICES

Notice No.		20240830-47		Notice Date		30 Aug 2024
Category		Compliance		Segment		General
Subject		Measures to instill trust in securities market - Expanding the framework of Qualified Stockbrokers (QSBs) to more stockbrokers- Qualified Stockbroker (QSB) under Voluntary Category.
Content

This is with reference to SEBI Circular No. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2024/14 dated March 11, 2024, Exchange Notice Nos. 20240319-49 dated March 19, 2024, and 20240720-1 dated July 20, 2024, on "Measures to instill trust in securities market - Expanding the framework of Qualified Stockbrokers (QSBs) to more stockbrokers".

SEBI vide Para 4.5 and 4.6 of its Circular dated March 11, 2024, has facilitated stockbrokers to voluntarily get designated as QSBs. Accordingly, stockbrokers who have not qualified to become QSB by virtue of parameters enumerated at Para 4.1.1 to 4.1.7 and Para 1.1 to 1.7 of the aforesaid SEBI and Exchange Notice, were required to apply to the Exchange to designate themselves as voluntary QSBs on or before July 31, 2024.<_o3a_p>

<_o3a_p> <_o3a_p>The Exchange is in receipt of the requests from the following Trading Members to designate themselves as voluntarily QSBs: -<_o3a_p>

S No.<_o3a_p>	Name of the trading Member<_o3a_p>
1<_o3a_p>	Nuvama Wealth and Investment Limited<_o3a_p>
2<_o3a_p>	Sharekhan Limited<_o3a_p>

<_o3a_p> <_o3a_p>Based on the request, the above-mentioned Trading Members shall be designated as voluntary QSBs w.e.f. September 01, 2024, and shall comply with the enhanced obligations and responsibilities as specified in SEBI Circular No. SEBI/HO/MIRSD/MIRSDPoD-1/P/CIR/2023/24 dated February 06, 2023 and discharge additional responsibilities as specified in Comprehensive Operating Guidelines issued vide Exchange Notice 20230601-54 No. dated June 01, 2023 for a period of 1 year. <_o3a_p>

The above-mentioned Trading Members shall continue to comply with the enhanced obligations and responsibilities for an additional period of 3 financial years or such time, as may be prescribed by the Exchange, in consultation with SEBI.<_o3a_p>

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

In case of any clarifications, members may contact us on details given as under:<_o3a_p>

Contact Nos<_o3a_p>	Email Id<_o3a_p>
022-69158540 <_o3a_p>	[email protected]<_o3a_p>

For and on behalf of BSE Ltd.<_o3a_p>

<_o3a_p> <_o3a_p>

Hiteshkumar Desai Richa Ghosh <_o3a_p>

General Manager Asst. Gen. Manager <_o3a_p>

Inspection Inspection<_o3a_p>

<_o3a_p>

022-45720640<_o3a_p>

022-45720440<_o3a_p>

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