SEBI's new joint inspection plan for brokers and DP's
SEBI just announced a new plan: instead of brokers and depository participants (DPs) getting inspected by different regulators at different times, everyone will now face a single, joint annual inspection.
This change is meant to cut down on repeated checks and make life easier for those in the market.
What this means for the market
If you're into finance or thinking about investing, this means less red tape and fewer disruptions for brokers—so they can focus more on serving customers.
For big players with multiple licenses, all activities get checked at once.
The new system kicks in soon.
The nitty-gritty of the new system
SEBI will zero in on the top 25 high-risk firms every year—think those with lots of complaints or penalties—while others get checked at least once every three years.
There's also room for surprise inspections if something seems off.
It's all about making oversight smarter and smoother without slowing things down.