The Securities and Exchange Board of India (SEBI), together with stock exchanges, has introduced a technology-based common reporting mechanism called Samuhik Prativedan Manch, offered by the National Stock Exchange of India (NSE), for stock brokers to submit compliance reports through a single exchange. The platform is intended to replace the current requirement for brokers registered with multiple stock exchanges to file the same compliance reports separately with each exchange, and is expected to reduce compliance costs. Implementation will be phased, with the first phase covering the submission of 40 compliance reports from August 01, 2025, benefiting around 990 stock brokers with multiple memberships with NSE and other stock exchanges. Later phases will standardise remaining document submissions and expand the centralised reporting platform to cover the rest of the broker population, including commodity brokers.
Securities & Exchange Board of India 2025-07-21
Securities and Exchange Board of India introduces NSE-hosted common compliance reporting platform for stock brokers
The Securities and Exchange Board of India, with stock exchanges, has launched Samuhik Prativedan Manch, a tech platform by the National Stock Exchange of India for unified compliance reporting by stock brokers. This aims to reduce compliance costs by eliminating the need for brokers to file identical reports with multiple exchanges. Phased implementation begins on August 1, 2025, initially covering 40 compliance reports for about 990 brokers.