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SEBI Clarification On The Regulatory Restrictions Applicable To Stock Brokers Undertaking NBFC Activities
SEBI, by letter dated 10.08.2026 (“Informal Guidance”), as a reply to letter for request for informal guidance dated 20.04.2026 (“Informal Guidance Request”), has clarified that a stock broker registered with SEBI may not undertake activities as a non-banking financial company (“NBFC”).

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