The Securities and Exchange Board of India (SEBI) issued a circular specifying the application forms and certificate of registration to be used for registration of stock brokers and clearing members under the Securities and Exchange Board of India (Stock Brokers) Regulations, 2026, replacing the forms previously provided under the repealed 1992 regulations. The annexure sets out Form A (stock broker registration), Form B (clearing member registration) and Form C (certificate of registration). The application forms require core member and membership details (including exchange or clearing corporation, admission date, and organisation type), net worth and supporting documents, PAN details, and information on proprietors, partners or directors (including qualifications and relevant market experience), along with undertakings on insolvency or defaulter status and compliance with the ‘fit and proper person’ criteria under the SEBI (Intermediaries) Regulations, 2008. Each application includes a recommendation section for the relevant stock exchange or clearing corporation, while the certificate template provides for registration to undertake securities dealing or clearing and settlement activities and remains valid until suspended or cancelled. The circular applies retrospectively from 7 January 2026, the notification date of the Securities and Exchange Board of India (Stock Brokers) Regulations, 2026. Recognised stock exchanges and clearing corporations must notify members and participants, publish the circular on their websites, and amend relevant bye-laws, rules and regulations to implement the updated forms.

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