Sebi Introduces Unified Reporting for Stock Brokers

Sebi and stock exchanges have launched a technology-based mechanism for stock brokers to streamline compliance reporting. This new system, 'Samuhik Prativedan Manch', allows brokers to submit reports to one exchange, reducing compliance costs and benefiting about 990 brokers. The first phase starts on August 1, 2025.

The Securities and Exchange Board of India (Sebi), along with stock exchanges, has unveiled a technology-driven mechanism for stock brokers to streamline the submission of compliance reports. The initiative, named 'Samuhik Prativedan Manch', allows brokers to file reports at a single exchange rather than multiple ones, effectively lowering compliance costs.

Set to be implemented in phases, the first phase targets the submission of 40 compliance reports starting August 1, 2025. This strategic move is designed to benefit roughly 990 stock brokers who hold memberships with the National Stock Exchange (NSE) and other exchanges.

Sebi anticipates that this rationalized approach to compliance reporting will significantly enhance the ease of doing business within the financial markets sector. The initiative is poised to streamline administrative procedures and foster an environment conducive to business growth.