Sebi Eases Broker Reporting Rules, Relaxes Compliance Requirements

• Sebi has eased certain reporting requirements for stock brokers, enhancing regulatory efficiency and promoting ease of doing business.
• Mandatory reporting of demat accounts by stock brokers has been done away with; depositories will now provide details to exchanges.
• Bank-cum-brokers and primary dealers will only report bank accounts used for stock broking activities.
• Stock brokers must inform exchanges about bank account opening or closure within seven working days.
• Non-compliance with new rules will attract penal action; provisions come into effect from April 17, 2026.