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    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.

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