Friday night updates from SEBI

Interesting…

:slight_smile:

@siva @nithin What are the implications of this SEBI order… does it mean shares cannot be pledged for collateral from sept 1?

There is no impact on us or to our clients.
This now affects all brokers who offer margin funding (either the T+2+5 or MTF) to their clients. This will also affect brokers who don’t credit securities to client demat even if the client has full money in the trading account. Currently, if the securities are not in the client demat account, it is sitting in the broker pool account. When it is in the broker pool account, he can potentially pledge these securities to NBFCs or Banks and raise money.

@Shyam_Pandit @siva Please ask questions in a separate thread. Lets keep this thread just for SEBI news. I hope you understand :slight_smile:

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Government succumbs to FPIs pressure and has miscalculated the power of foreign investors. Huge selling and fear that things might turn from bad to worse has cornered the govt.to make changes to the super rich tax rule. FPIs would care a damn about indian mkt as they will flock to other mrkt and govt has learnt a lesson the heard way.

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NSE glitch: Unconvinced SEBI looks to penalise exchange
On September 13, NSE NOW, a trading terminal for traders, was not working properly in Gujarat, Rajasthan and in some parts of Maharashtra, prompting SEBI to slap a penalty of around Rs 50 lakh.

50 lakh :rofl::rofl::rofl:

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Must read this.

:slight_smile:

https://m.economictimes.com/markets/stocks/news/traders-are-calling-for-shorter-hours-to-improve-their-health/amp_articleshow/71956099.cms

Is this fno turnover?

Once a month?

Yes thats FNO turnover

yes. you can see notification on kite mobile, when there is a session.

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