SEBI seeks status of members every 3 mths

Thus,the stock exchanges will grant prior approval to their members and sub-brokers for change in status or constitution,it said.

However,it said,the members of the stock exchanges would be required to take prior approval from SEBI for change in control of ownership.

The members of the stock exchanges and sub-brokers need to obtain a prior approval from SEBI for change in status or constitution has been done away with,it said.

The stock exchanges shall submit a periodical report with details of the changes in status or constitution of the members or sub-brokers,as per the format and in accordance with guidelines,it said.