Business Standard

Monday, December 23, 2024 | 07:28 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Sebi's omnibus structures move boon for domestic brokerages

In such structures, a broker carries out trading activities for multiple clients through his own member account

chart
Premium

Pavan Burugula Mumbai
The Securities and Exchange Board of India’s (Sebi’s) decision to allow omnibus structures at Gujarat International Finance Tec-city (Gift City), an international financial  services centre (IFSC), has come as a boost for domestic brokerages.

According to the rules, any eligible foreign investor (EFI) or a broker (member) registered at IFSC can now offer omnibus structures to their clients.  This allows Indian brokerages, who are registered as members at the Gift City, to offer 'omnibus account facility’ to foreign investors, which will allow them to participate in markets without having to register themselves with the regulators. 

Such investment structures are popular

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in