In order to help better regulate the marketplace and strengthen its supervision system, SEBI has initiated a process of formalizing its risk based approach towards supervision of market intermediaries, including stock brokers, in alignment with the global best practices.
Under the new model, various market entities would be divided into four groups — very low risk, low risk, medium risk and high risk — and the quantum of supervision and number of inspections would vary as per the risk level of each intermediary. The risk based supervisory model is expected to facilitate a more focused regulatory supervision.
The new model would follow four distinct steps — assessing the risk posed by a market entity, assigning ‘risk and impact rating’ to it, determine the supervisory risk rating score and then adopt a suitable supervisory approach.
In the light of above, SEBI has formulated a Risk Assessment template in consultation with Stock Exchanges and has directed the Exchange to provide the data/details to SEBI, (ongoing basis) which include certain data/details to be provided by members to the Exchange.
Please find attached the details to be provided by the members to the Exchange, for FY 2013-14, attached as Annexure1.
Members are advised to provide the data by 24.12.2014.
Exchange will intimate the process of submission of data/details, by the Members to the Exchange, shortly. Till then members are advised to collate the data/details.
In case of any further clarification the Trading Members may contact the following officials.
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Sr. No.
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Name of Official
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Tel No.
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1.
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Ms. Jyoti Thukral
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022-22728214
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2.
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Mr. Chirag Udani
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022-22728724
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3.
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Ms. Hitasha Gurbani
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022-22728496
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Soundararajan V
Sr. General Manager
Surveillance & Supervision |