The Bombay Stock Exchange (BSE) on February 03, 2023, issued a notification regarding Clarification to Gazette Notification of SEBI (Stock Brokers) (Amendment) Regulations, 2022. The revised Net worth requirements as per the amended regulations would be applicable to the Members from February 23, 2023, and February 23, 2024, respectively. The Members are requested to adhere and comply with the applicable Net worth (i.e., higher than the Base Net worth or Variable Net worth) as stated in the aforesaid SEBI gazette notification with effect from February 23, 2023.
The Members are further requested to note that the reporting requirement as per the above-mentioned SEBI gazette notification would be applicable from Half Yearly Net worth submission for March 31, 2023, onwards. The period to be considered for ascertaining Variable Net worth as on March 31, 2023, would be the previous six months i.e., October 01, 2022, to March 31, 2023.