SEBI to Launch Centralised Compliance Platform for Brokers from August 1, 2025

Current Context: On August 1, 2025, SEBI will roll out a Centralised Compliance Reporting Platform for stock brokers called Samuhik Prativedan Manch, developed in collaboration with stock exchanges and offered by the National Stock Exchange (NSE).

Key Highlights

• Purpose: To simplify and unify compliance reporting for brokers registered with multiple exchanges.
• Platform Name: Samuhik Prativedan Manch (Collective Reporting Platform)
• Phase 1 Rollout: Covers 40 compliance reports submitted via a single exchange instead of multiple ones.
• Beneficiaries: ~990 stock brokers with multi-exchange memberships will benefit initially.
• Future Expansion: Later phases will include commodity brokers and standardize remaining document submissions.

Question:

Q.1 Which institution developed the Samuhik Prativedan Manch in collaboration with SEBI and stock exchanges?
a) Bombay Stock Exchange (BSE)
b) National Securities Depository Ltd (NSDL)
c) National Stock Exchange (NSE)
d) Central Depository Services Ltd (CDSL)

Answer: c) NSE developed the platform in collaboration with SEBI and other stock exchanges to streamline compliance submissions.