1. Freeze the facts
Record the entity, security or product, transaction, decision-maker, counterparty, amount and event date.
SEBI Hub › Stock Brokers 2026 › Permitted activities and operational boundaries
Finin2min Summary — in 2 Minutes
Decision: Separate client, proprietary, clearing, distribution, execution-only and outsourced activities with conflict controls.
Legal owner and source control
How to apply this control
2. Locate the provision
Open the official consolidated Regulation and identify the exact numbered provision, proviso, explanation and Schedule.
3. Add subordinate implementation
Map the current Master Circular, later circular, exchange/depository specification and filing format without treating them as the Regulation itself.
4. Preserve evidence
Business-line register, approvals, client disclosures, outsourcing contracts and surveillance controls.
Evidence checklist
- Applicable legal version and amendment date.
- Named business and compliance owner.
- Approval, filing, acknowledgement and communication trail.
- Maker-checker, exception and escalation evidence.
- Post-event reconciliation and breach assessment.
Common failure
Avoid: Combining regulated and unregulated activities without ring-fencing, disclosure or permission analysis.
Finin2min Q&A
Is this page the legal text?
No. It is an implementation guide. Use the official SEBI consolidated Regulation for the exact wording and numbering.
Does a successful exchange or portal filing prove compliance?
No. Acceptance proves a system transaction; it does not cure wrong applicability, approvals, disclosures, timing or evidence.
What should be checked after an amendment?
Effective date, saved actions, forms, policies, system rules, open transactions, board approvals and investor/client communications.