Overview
- SEBI’s 2026 broker regulations repeal the 1992 rulebook, condense and clarify requirements, allow joint inspections, and permit electronic record‑keeping with disclosed storage locations.
- Brokers may undertake activities subject to regulators such as IRDAI, RBI, IBBI, PFRDA, IFSCA or the MCA, with those activities remaining fully under the respective regulator’s jurisdiction.
- Entry and governance standards rise with a two‑year securities experience minimum, an India‑resident designated director (182 days; six‑month transition), eight‑year record retention, and mandatory fraud‑detection plus whistle‑blower systems.
- The technical‑glitch framework now applies only to brokers with over 10,000 clients, exempts incidents beyond broker control or with negligible impact, extends reporting to two hours, and shifts filings to the Samuhik Prativedan Manch with prompt client and exchange disclosures.
- SEBI has opened a consultation to consolidate trading rules across segments, proposing PAN‑level bulk and block deal disclosures, harmonised penalties, rationalised MTF norms, and other streamlining, with comments due by January 30.