DEA amends Rule 8 of Securities Contracts (Regulation) Rules, 1957
The Department of Economic Affairs announced on 19 May 2025 that it has amended Rule 8 of the Securities Contracts (Regulation) Rules, 1957 through Gazette Notification G.S.R. 318(E) to give brokers regulatory clarity and ease of doing business.
Summary
The Department of Economic Affairs (DEA), Ministry of Finance, announced on 19 May 2025 that it has amended Rule 8 of the Securities Contracts (Regulation) Rules (SCRR), 1957 through Gazette Notification G.S.R. 318(E). The DEA had released a consultation paper in September 2024 after stakeholders raised concerns over certain provisions. Given the growth and interconnectedness of the financial sector and the changing nature of brokers' business, the amendment reviews the safeguards in the Rules so that their intent is served without constraining stakeholders, giving brokers regulatory clarity and easing business.
Key facts
- By
- Department of Economic Affairs, Ministry of Finance
- Rule
- Rule 8, Securities Contracts (Regulation) Rules, 1957
- Notification
- G.S.R. 318(E)
- Consultation
- Paper released September 2024
- Aim
- Regulatory clarity and ease of doing business for brokers
Practice MCQs 1 questions
Consider the following statements about the May 2025 amendment to the Securities Contracts (Regulation) Rules, 1957: 1. The amendment was made to Rule 8 by the Department of Economic Affairs. 2. It followed a consultation paper released by the DEA in September 2024. Which of the statements given above is/are correct?
Show answer
Correct answer: C — Both 1 and 2
Both are correct. DEA amended Rule 8 of the SCRR, 1957 via G.S.R. 318(E), after a consultation paper in September 2024.