SEBI Proposes Easing Reporting Norms for Brokers, Primary Dealers

• SEBI proposes relaxing bank account reporting for stock brokers, including primary dealers, to ease business.
• Demat account tagging won't apply to accounts used exclusively for non-stock broking activities by primary dealers.
• Brokers that are banks or primary dealers will only report bank accounts used for stock broking.
• SEBI aims to harmonize reporting, enhance efficiency, and reduce compliance burden while maintaining oversight.
• Public comments on the draft circular are invited until March 6, 2026.