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Regulations for broking subsidiaries

MUMBAI: The Securities and Exchange Board of India on Friday said the broking subsidiaries of bourses and their registered sub-brokers will have to comply with the regulations for brokers and sub-brokers from June 1. The subsidiaries to the registered stock exchanges which are registered as stock brokers and their registered sub- brokers should also comply with the provisions of SEBI's (Stock Brokers and Sub-Brokers) (amendment) Regulations, 2003, SEBI said in notification here.

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