Latest Earnings
Equities
Stock Analysis
Stock Movers
Deals
Gainers And Losers
IPOs
Technology
Artificial Intelligence
Web Stories
Benzinga Inspire
Stock Brokers
SEBI Won't Allow Stock Brokers To Use Client Funds To Create New Bank Guarantees
SEBI, the capital markets regulator, issued a circular on Tuesday announcing a ban on stock brokers and clearing members from creating new bank guarantees (BGs) using clients' funds starting May 1, 2023, and requiring the winding down of all existing bank guarantees by September 30, 2023.
SEBI Won't Allow Stock Brokers To Use Client Funds To Create New Bank Guarantees
