SEBI Relaxes Regulations For Stock Brokers In GIFT City

In a circular, SEBI said that stock brokers looking to offer their services can do so under a separate business unit (SBU) of the stock broking entity itself

Till now, it was mandatory for stock brokers to obtain an NOC from SEBI to set up subsidiaries or form JVs to offer such activities in GIFT-IFSC

GIFT-IFSCA will be responsible for matters related to policy, eligibility criteria, risk management, investor grievances, inspection, enforcement, and claims for these…