SEBI Update - Requirement of Base Minimum Capital Deposit for Category 2 Execution Only Platforms

Sebi on 6th Oct 2023 issued the circular stating the following: It has been decided that the members of stock exchanges functioning only in the EOP segment (Category 2 EOP) shall maintain a sum of Rs. 10 Lakhs with the stock exchange as a BMC deposit. However, for members having registration of more than one segment on the same stock exchange, the BMC deposit requirement shall not be additive for such a number of segments and shall be the highest applicable BMC deposit, across various segments. The provisions of this circular shall be implemented immediately Link - View Circular