SEBI Eases Technical Glitch Rules for Stock Brokers, Boosts Compliance Ease

• SEBI overhauls technical glitch framework for stock brokers, easing compliance norms and rationalizing financial disincentives.
• Glitches beyond a broker's control, those originating outside their trading architecture, or with negligible impact are now excluded.
• The revised framework applies only to brokers with over 10,000 registered clients, exempting approximately 60% of smaller brokers.
• Reporting requirements are eased, extending time from one to two hours and shifting to a single Common Reporting Platform.
• Brokers must inform exchanges and clients within two hours of an incident, with detailed root cause analysis due in 14 days.

Why It Matters: SEBI simplifies technical glitch rules for stock brokers, reducing compliance burden and improving ease of doing business.