Sebi issues timelines for uniform membership structure in equity cash, derivatives segments
Stock brokers in the cash segment who are already registered as a self-clearing member or as a clearing member in the derivatives segment would "automatically" have the same status in the cash segment from April 1, 2019.
Stock brokers, not yet registered as self-clearing member or clearing member, in the derivatives segment, can discharge the same work in the cash segment subject to certain conditions. Image source: Reuters