New Delhi, May 19 (IANS) India’s capital markets regulator Securities and Exchange Board of India on Tuesday proposed a major revamp of the trade-processing mechanism used for institutional stock market transactions, seeking to cut delays, lower costs and reduce dependence on a single infrastructure provider.In a consultation paper, SEBI proposed replacing the existing centralised Straight Through Processing (STP) hub model with a direct communication framework based on application programming…
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New Delhi, May 7 (IANS) Market regulator Securities and Exchange Board of India (SEBI) on Thursday discontinued the Investor Risk Reduction Access (IRRA) platform with immediate effect, citing its redundancy amid improved technological resilience in the trading ecosystem.In a circular, SEBI said stock exchanges had informed the regulator that the IRRA platform had not been used by brokers since it became operational in October 2023.The regulator noted that a combination of stronger regulatory me…
Mumbai, April 24 (IANS) The Securities and Exchange Board of India (SEBI)on Friday proposed a revised framework for calculating the net worth requirement of stock brokers, seeking to align capital norms more closely with the scale and risk profile of their operations.In a consultation paper, the regulator said the existing methodology — which ties net worth to 10 per cent of the average daily client cash balances retained by brokers — has lost relevance following the implementation of the upst…
Jaipur, Dec 27 (IANS) The Pratapgarh District Police of Rajasthan successfully rescued 53 tribal labourers who were held captive in Solapur district, Maharashtra, after being lured with false promises of employment. Under the direction of B. Aditya, Superintendent of Police, Pratapgarh, and the guidance of Gajendra Singh Jodha, Additional Superintendent of Police, Pratapgarh, a police team led by Sub-Inspector Sohanlal of Ghantali Police Station rescued 53 labourers (13 women and 40 men) belongi…