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|
|1||5PAISA CAPITAL LIMITED|
|2||ANAND RATHI SHARE AND STOCK BROKERS LIMITED|
|3||ANGEL ONE LIMITED|
|4||GLOBE CAPITAL MARKET LIMITED|
|5||HDFC SECURITIES LTD.|
|6||ICICI SECURITIES LIMITED|
|7||IIFL SECURITIES LIMITED|
|8||JAINAM BROKING LIMITED|
|9||KOTAK SECURITIES LTD.|
|10||MOTILAL OSWAL FINANCIAL SERVICES LIMITED|
|11||NEXTBILLION TECHNOLOGY PRIVATE LIMITED|
|12||NUVAMA WEALTH AND INVESTMENT LIMITED.|
|13||RKSV SECURITIES INDIA PRIVATE LIMITED|
|15||ZERODHA BROKING LIMITED|