Securities market regulator SEBI redefines ‘pledge’ to protect client securities:
•Securities and Exchange Board of India (SEBI), the regulator for the securities market in India, has amended the SEBI (Depositories and Participants) Regulations, 2018 by including an extra explanation that states that `pledge` would also refer to `re-pledge of securities for margin or settlement obligations.`
•The decision was approved by the SEBI Board meet in Mumbai, Maharashtra.
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