Current legal position
Current replacement regime published in January 2026.
Source review: 8 January 2026
SEBI Hub › Source maps › Stock Brokers 2026
Publication control:
noindex,follow. The official consolidated Regulation is controlling. The table below maps the current professional control guides; it is not a verbatim reproduction or a substitute for the numbered legal text.Official source chain
- SEBI consolidated Regulation page
- Exact official PDF/viewer route
- No separate later amendment instrument is represented in this batch; check the official consolidated record.
Closure status
SOURCE ANCHORED
Principal current source and grouped control map linked. Full regulation-by-regulation proviso, explanation, footnote and Schedule extraction remains open.
Grouped numbered-control map
| # | Control route | Decision purpose | Numbered anchors recorded in current guide |
|---|---|---|---|
| 1 | Scope, commencement and definitions | Identify whether the entity is a broker, clearing member, self-clearing member, execution-only platform or another regulated role | Regulation 4 application; Regulation 26 accountability; Regulation 27 inspection; Regulations 40–46 fees; Chapter VIII Code of Conduct; Chapter X net worth; Regulation 50 enabling circulars |
| 2 | Application, registration and continuing eligibility | Apply the exchange-routed application, eligibility review, fees, certificate and continuing conditions | Regulation 4 application; Regulation 26 accountability; Regulation 27 inspection; Regulations 40–46 fees; Chapter VIII Code of Conduct; Chapter X net worth; Regulation 50 enabling circulars |
| 3 | Governance, compliance and accountability | Define designated-director, compliance-officer, audit-committee and board accountability, including grievance governance | Regulation 4 application; Regulation 26 accountability; Regulation 27 inspection; Regulations 40–46 fees; Chapter VIII Code of Conduct; Chapter X net worth; Regulation 50 enabling circulars |
| 4 | Permitted activities and operational boundaries | Separate client, proprietary, clearing, distribution, execution-only and outsourced activities with conflict controls | Regulation 4 application; Regulation 26 accountability; Regulation 27 inspection; Regulations 40–46 fees; Chapter VIII Code of Conduct; Chapter X net worth; Regulation 50 enabling circulars |
| 5 | Client onboarding, agreements and grievances | Control KYC, account opening, risk disclosure, authorisations, tariffs, communication and complaint closure | Regulation 4 application; Regulation 26 accountability; Regulation 27 inspection; Regulations 40–46 fees; Chapter VIII Code of Conduct; Chapter X net worth; Regulation 50 enabling circulars |
| 6 | Client funds, securities, margins and settlement | Protect client assets, reconcile balances, control margins, settlement, pledges and bank/demat account architecture | Regulation 4 application; Regulation 26 accountability; Regulation 27 inspection; Regulations 40–46 fees; Chapter VIII Code of Conduct; Chapter X net worth; Regulation 50 enabling circulars |
| 7 | Books, records, systems and reporting | records, systems and reporting | Finin2min Fin in2min Knowledge SEBI Hub Priority Regulations Calculators Stock Brokers 2026 · R-07 Books, records, systems and reporting Maintain transaction records, voice/electronic instructions, cyber controls, technical-glitch re | Regulation 4 application; Regulation 26 accountability; Regulation 27 inspection; Regulations 40–46 fees; Chapter VIII Code of Conduct; Chapter X net worth; Regulation 50 enabling circulars |
| 8 | Inspection, conduct and enforcement | Prepare for SEBI/exchange inspection, apply the Code of Conduct, remediate findings and manage disciplinary exposure | Regulation 4 application; Regulation 26 accountability; Regulation 27 inspection; Regulations 40–46 fees; Chapter VIII Code of Conduct; Chapter X net worth; Regulation 50 enabling circulars |
| 9 | Forms, fees and net-worth schedules | Apply the current application/certificate forms, fee chapters, segment computation and minimum net-worth framework | Regulation 4 application; Regulation 26 accountability; Regulation 27 inspection; Regulations 40–46 fees; Chapter VIII Code of Conduct; Chapter X net worth; Regulation 50 enabling circulars |
| 10 | Transition from the 1992 regime | Map existing certificates, saved rights, forms, circulars, exchange bye-laws and operational continuity into the 2026 framework | Regulation 4 application; Regulation 26 accountability; Regulation 27 inspection; Regulations 40–46 fees; Chapter VIII Code of Conduct; Chapter X net worth; Regulation 50 enabling circulars |