SEBI Relaxes Timeline for Stock Brokers to Submit Net Worth Certificate for Offering Margin Trading Facility

SEBI has relaxed the timeline for stock brokers to submit their net worth certificates for offering margin trading facilities. The regulator has extended the deadline from the current 30 days to 45 days from the end of a half-year. This move is part of SEBI's broader initiative to ease the compliance burden on market intermediaries and promote ease of doing business. The extended timeline provides more flexibility to stock brokers, allowing them sufficient time to compile and submit the required documentation without facing unnecessary pressure. The relaxation is expected to benefit a large number of brokers, enhancing operational efficiency and encouraging wider participation in margin trading.