In a major move aimed at simplifying the compliance landscape for market intermediaries, the Securities and Exchange Board of India (SEBI), in collaboration with stock exchanges, has introduced a technology-driven unified reporting system called Samuhik Prativedan Manch.
The platform, initially rolled out by the National Stock Exchange (NSE), is designed to make compliance processes more streamlined, transparent, and cost-effective for stockbrokers.
Currently, brokers registered with multiple stock exchanges are required to submit identical compliance reports to each exchange individually. With the launch of Samuhik Prativedan Manch, brokers will now be able to submit their compliance reports through a single interface, significantly reducing duplication of effort and lowering compliance costs.
“SEBI’s aim is to encourage a regulatory framework that promotes ease of doing business for intermediaries and ultimately facilitates smoother investing experiences for investors,” the market regulator said in a statement.
The new system will be implemented in phases, with 40 compliance reports included in the first rollout starting August 1, 2025. According to estimates, around 990 stockbrokers with memberships across multiple exchanges stand to benefit immediately from this initiative.
Subsequent phases will standardise additional document submissions, eventually extending the platform’s benefits to commodity brokers and encompassing the entire compliance reporting ecosystem.
Market experts believe this reform will not only enhance operational efficiency but also reinforce trust in India’s capital markets by ensuring regulatory compliance is both robust and convenient.
The initiative marks another milestone in SEBI’s broader agenda of leveraging technology to foster a more investor- and intermediary-friendly market environment.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
