MASTER STOCK BROKER COMPLIANCE DOCKET
Stock Brokers — What a Stock Broker Can and Cannot Do
Do's & Don'ts • Operational & Regulatory Requirements • Implications • Regulation/Circular-wise Reference
Prepared for internal staff training and client education for Stock Brokers, Trading Members, Clearing Members, Compliance Officers, Internal Auditors, Risk Management Teams and Senior Management.
Built on the SEBI (Stock Brokers) Regulations, 2026, together with applicable SEBI Master Circulars, NSE, BSE, MCX, NSDL, CDSL and Clearing Corporation circulars, as consolidated up to July 2026.
How To Use This Docket
This docket has been prepared as a practical compliance manual to help compliance teams, operational staff and management answer one simple question: "Can a Stock Broker do this?" without having to search across multiple regulations, exchange circulars and operational guidelines. Every chapter follows a consistent format:
Brief Explanation → ✔ DO → ✘ DON'T → Practical Implications → Exact Regulatory Reference
The objective is to eliminate ambiguity by bringing together the regulatory requirements applicable to stock brokers in one structured reference document. The docket covers the complete operational lifecycle of a stock broking business, including: • Client onboarding and KYC • Margin collection and reporting • Client funds and securities segregation • Running account settlements • Risk Management Systems (RMS) • Trading operations • Investor grievance redressal • Internal controls • Books of accounts • Internal Audit • System Audit • Cyber Security • Anti-Money Laundering (AML) • PMLA compliance • Investor Protection Fund requirements • Business Continuity Planning • Disaster Recovery • Regulatory inspections • Enforcement actions All monetary limits, timelines, reporting obligations and operational requirements have been reproduced based on the applicable regulations and circulars available up to July 2026. Since stock broker regulations are frequently updated through SEBI, Stock Exchange, Depository and Clearing Corporation circulars, users should always verify the latest regulatory position before relying upon any provision in a professional opinion or client advisory. Part X contains a comprehensive Regulation-wise Reference Index. Part Y contains a Circular-wise Reference Index covering SEBI, NSE, BSE, MCX, NSDL, CDSL and Clearing Corporation circulars. These reference tables are intended to help professionals quickly locate the exact legal authority supporting any operational requirement discussed within this docket. For the purpose of this publication, the expression "Stock Broker" includes Stock Brokers, Trading Members, Clearing Members, Professional Clearing Members, Authorised Persons and other regulated intermediaries wherever the applicable regulatory framework extends to them.
Golden Rule for Compliance Teams
If a compliance issue is not addressed in this docket—
Do not assume.
Do not rely on memory. Do not provide verbal guidance. Instead, • Check the applicable Regulation. • Verify the latest Exchange Circular. • Confirm whether a Depository or Clearing Corporation guideline applies. • Escalate complex issues before communicating a compliance position. Every compliance opinion should be traceable to an identifiable regulatory source.
What You'll Find Inside
The Master Stock Broker Compliance Docket includes practical guidance on: • Registration and membership requirements • Governance and Compliance Officer responsibilities • Client onboarding and KYC obligations • UCC creation and account opening documentation • DDPI and Power of Attorney framework • Client fund segregation and upstreaming requirements • Client securities handling and pledge/re-pledge framework • Margin collection, reporting and collateral management • Risk Management Systems (RMS) • Contract Notes and trade confirmations • Running account settlement obligations • Investor grievance redressal and SCORES compliance • Anti-Money Laundering (AML) and PMLA obligations • FATCA and CRS compliance • Cyber Security and Technology Governance • Business Continuity Planning (BCP) and Disaster Recovery (DR) • Internal Audit and System Audit requirements • Regulatory reporting obligations • Books of accounts and record retention • SEBI inspections and enforcement proceedings • Operational checklists for compliance teams • Monthly, quarterly and annual compliance calendars Each topic is supported by regulation-wise and circular-wise references to enable quick verification and practical implementation.
Download the Master Stock Broker Compliance Docket Download the complete Stock Broker Compliance Docket here: https://ktmckzwwwtfvsphgktxq.supabase.co/storage/v1/object/public/media/2026/1784115933175-4-master-stock-broker-compliance-docket-1-20.pdf
If the link does not open directly on your device, simply copy and paste it into your browser. Need Professional Assistance? If you require assistance regarding Stock Broker compliance, SEBI inspections, Internal Audits, System Audits, AML/PMLA compliance, Exchange compliance, or any regulatory matter, our team would be happy to assist. +91 96194 56656 office@anujdesaiassociates.com