Sebi on 6th Oct 2023 issued the circular stating the following:
It has been decided that the members of stock exchanges functioning only in the EOP segment (Category 2 EOP) shall maintain a sum of Rs. 10 Lakhs with the stock exchange as a BMC deposit.
However, for members having registration of more than one segment on the same stock exchange, the BMC deposit requirement shall not be additive for such a number of segments and shall be the highest applicable BMC deposit, across various segments.
The provisions of this circular shall be implemented immediately
Link – https://www.sebi.gov.in/legal/circulars/oct-2023/requirement-of-base-minimum-capital-deposit-for-category-2-execution-only-platforms_77778.html
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