Joint press release on list of designated Qualified Stock Brokers (QSBs)

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Joint press release on list of designated Qualified Stock Brokers (QSBs)
Joint press release on list of designated Qualified Stock Brokers (QSBs)

Certain stock brokers, due to various factors like their size, trading volumes and amount of clients’ funds handled by them, occupy a significant position in the Indian securities market leading to concentration of activity among few stock brokers. In order to further strengthen the compliance and monitoring requirements relating to such stock brokers and to ensure efficient functioning of securities market. SEBI, vide Gazette Notification dated January 17, 2023, amended the SEBI (Stock Brokers) Regulations, 1992 for designating certain stock brokers as Qualified Stock Brokers (QSBs). Subsequently, SEBI vide circular no. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2023/24 dated February 06, 2023 on “Enhanced obligations and responsibilities on Qualified Stock Brokers (QSBs)” has enumerated the parameters for designating certain stock brokers, as QSBs. 

Accordingly, on the basis of the parameters defined in the aforesaid circular, certain stock brokers have been designated as QSBs. These QSBs shall be required to meet enhanced obligations and discharge additional responsibilities. Enhanced monitoring of QSBs shall be carried out by all Exchanges w.e.f. July 01, 2023.

Following is the list of QSBs in alphabetical order and is not indicative of ranking.

S.No.Name of the Stock Brokers
15PAISA CAPITAL LIMITED
2ANAND RATHI SHARE AND STOCK BROKERS LIMITED
3ANGEL ONE LIMITED
4GLOBE CAPITAL MARKET LIMITED
5HDFC SECURITIES LTD.
6ICICI SECURITIES LIMITED
7IIFL SECURITIES LIMITED
8JAINAM BROKING LIMITED
9KOTAK SECURITIES LTD.
10MOTILAL OSWAL FINANCIAL SERVICES LIMITED
11NEXTBILLION TECHNOLOGY PRIVATE LIMITED
12NUVAMA WEALTH AND INVESTMENT LIMITED.
13RKSV SECURITIES INDIA PRIVATE LIMITED
14SHAREKHAN LTD.
15ZERODHA BROKING LIMITED