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SEBI expands framework of ‘Qualified Stock Brokers’ to strengthen investors trust in securities market
Editorial Note : Earlier, SEBI specified four parameters for designating a stockbroker as a ‘Qualified Stock Broker’ (QSB) on an annual basis. Now, SEBI has expanded framework of QSBs to include more stock brokers. Accordingly, SBI has revised a list of QSBs by adding more parameters. The additional parameters include compliance score of stock broker, grievance redressal score of stockbroker and proprietary trading volumes of stockbroker. Also, procedure for identifying stock broker as QSB has been revised.



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