Question
Securities and Exchange Board of India (SEBI) notified
that mutual fund distribution platforms registering as Category-II execution-only platforms (EOPs), under the stockbroker segment, will have to maintain a _________deposit with the stock exchange.Solution
Securities and Exchange Board of India (SEBI) notified that mutual fund distribution platforms registering as Category-II execution-only platforms (EOPs), under the stock broker segment, will have to maintain a ~10 lakh deposit with the stock exchange. According to existing regulations, stock brokers have to maintain a base minimum capital deposit with the stock exchanges. However, entities already registered with the stock exchange under any of the segments will not have to pay the deposit again.
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