Answer-Securities and Exchange Board of India (SEBI) notified that mutual fund distribution platforms...

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.

Question

Securities and Exchange Board of India (SEB

I 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.

A Rs.15 lakh

B Rs.13 lakh

C Rs.11 lakh

D Rs.10 lakh

E None of these

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