SEBI finds unauthorized use of trading terminals by market intermediary in India
What happened
SEBI and the National Stock Exchange of India Ltd conducted a theme-based inspection of a market intermediary in India between April 1, 2024, and April 30, 2025. The inspection found that computer-to-computer link terminals were being operated by individuals who were not registered as approved users with the stock exchange. Specific instances included terminals being operated by spouses or by the broker's personnel themselves, rather than the designated approved user.
From moneylife.in
Why it matters
The findings indicate unauthorized use of trading infrastructure, which violates regulations under the Stock Brokers Regulations. This regulatory action reinforces the standards required for market intermediaries operating in India.
From moneylife.in
Who's involved
- IndiaLocation where the regulatory inspection and enforcement took place.
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The entities involved
- India
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Reserve Bank of India
central bank of India
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