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Govt mulls key change in rules to give brokers more flexibility to use own funds

Ashish Rukhaiyar   •

Simply put, the rule stipulates that brokers who are members of any stock exchange cannot engage in any business other than that of securities or commodities derivatives and they also cannot engage in any other activity that involves personal financial liability.

The government is mulling a key change in the regulations that bar stock brokers from engaging in any businesses outside the purview of stock or commodity broking or even using their own funds as well to invest in a business outside the purview of the securities market

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