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SEBI Grants One-Time Extension To Brokers To Implement New Margin Trading Norms

SEBI has allowed brokers to continue granting margin against clients’ shares through a power of attorney till the end of August.

Rohit Jain
The SEBI building in Mumbai. (Source: BloombergQuint)

The market regulator has granted brokers a month’s time to implement some of the new rules covering margin collections, aimed at curbing risks and formalising leveraged trading.

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