SEBI issues timelines for uniform membership structure in across equity cash and derivative segments

In order to implement uniform membership structure across segments, SEBI has provided that that membership structure as Trading Member, Self-clearing member (SCM) and professional clearing member as prevalent in equity derivative segment shall be implemented in cash segment w.e.f. April 01, 2019. The existing stock brokers in cash segment of a stock exchange were are registered as SCM/CM in derivatives segment shall automatically become SCM/CM in cash segment w.e.f. April 01, 2019.

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