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    Sebi circular directions will create more level playing field for brokers, says KRChoksey Securities

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    Sebi circular directions will create more level playing field for brokers, says KRChoksey Securities

    The Securities and Exchange Board of India (Sebi) puts in place additional risk management measures pertaining to margin collection requirements and computation of liquid net worth for equity derivatives. The provisions of the circular will be effective from June 1st.
    Deven Choksey of KRChoksey Securities said that brokers will collect exposure margin from clients now.
    “With this requirement of collecting the margin from the client and paying it back to the stock exchange, as a clearing member, is now setting up the level playing ground and which probably would do away with the practices of not collecting the money," he added.
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