SEBI proposes changes to improve liquidity in client unpaid securities
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The Securities and Exchange Board of India (SEBI) has proposed amendments to its regulations on how brokers handle clients' unpaid securities.
The changes are aimed at reducing operational friction, and improving market liquidity.
They pertain to the Client Unpaid Securities Pledgee Account (CUSPA) framework, which governs securities bought by clients but not fully paid for.
The changes are aimed at reducing operational friction, and improving market liquidity.
They pertain to the Client Unpaid Securities Pledgee Account (CUSPA) framework, which governs securities bought by clients but not fully paid for.
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