Sebi operationalises portal for security market intermediaries

Regulator Sebi (Securities and exchange board of India) said it has operationalised a portal for online registration of stock brokers and other market intermediaries, as part of continuing efforts to improve the ease of doing business.

The portal provides for registration, processing of application, grant of final registration, application for surrender and cancellation, among other facilities for securities market intermediaries.

In a release, Sebi said it has been its continuous endeavour to improve ease of doing business by adopting technological solutions in its interface with market participants.


"The Sebi online dedicated portal for registration is operational for all intermediaries," it said.

These include stock brokers, sub-brokers, depository participants, mutual funds, merchant bankers, underwriters, registrar to an issue and share transfer agents, debenture trustees, credit rating agencies and investment advisors.

Also, credit rating agencies, investment advisors, research analysts, portfolio managers, venture capital funds, real estate investment trusts, infrastructure investment trusts, alternative investment funds, custodians and collective investment schemes can register with the portal.

In his budget speech this year, Finance Minister Arun Jaitley had said the process of registration of financial market intermediaries would be made fully online by the Sebi.