1. International

  2. News
  3. News

SEBI to formulate new norms for foreign brokers

India Infoline News Service | Mumbai |

The new set of rules will ensure that the intermediaries working in foreign markets maintain the high levels of compliance

Market regulator SEBI (Securities and Exchange Board of India) on Monday said that it is considering to form a new set of rules for foreign entities such as brokerage firms, hedge funds and other market intermediaries from abroad soliciting business from HNIs and other investors in India, according to a media report.

The new set of rules will ensure that the intermediaries working in foreign markets maintain the high levels of compliance, as required from the Indian entities, while dealing with the investors in the country, the report added.

 

Advertisements

  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.