New Enroll here to Join NaBFID Analyst Into Class on May 6

    Question

    Securities and Exchange Board of India (SEBI) notified

    that  mutual fund distribution platforms registering as Category-II execution-only platforms (EOPs), under the stockbroker segment, will have to maintain a _________deposit with the stock exchange.
    A Rs.15 lakh Correct Answer Incorrect Answer
    B Rs.13 lakh Correct Answer Incorrect Answer
    C Rs.11 lakh Correct Answer Incorrect Answer
    D Rs.10 lakh Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

     Securities and Exchange Board of India (SEBI) notified that  mutual fund distribution platforms registering as Category-II execution-only platforms (EOPs), under the stock broker segment, will have to maintain a ~10 lakh deposit with the stock exchange.  According to existing regulations, stock brokers have to maintain a base minimum capital deposit with the stock exchanges.  However, entities already registered with the stock exchange under any of the segments will not have to pay the deposit again.

    Practice Next