The Securities and Exchange Board of India on 24th July, 2023 has issued the Securities and Exchange Board of India (Stock Brokers) (Second Amendment) Regulations, 2023. They shall come into force on the date of their publication in the Official Gazette.
The amendment provides that no separate registration shall be required for any person registered with the limited purpose clearing corporation as a participant for participating in the tri-party repo segment for undertaking proprietary trades in corporate bonds. The term ‘participant’ here means any person who is an eligible entity as stipulated under the Repurchase Transactions (Repo) (Reserve Bank) Directions, 2018.
