SEBI circular on -Forms for registration of stock brokers and clearing members

[secmarkupdates]

Date of Issue: 17-02-2026  
         
Issuer: SEBI

Forms for registration of stock brokers and clearing members

Highlights of  SEBI notice dated Feb-17 -2026

Gist of the Circular

• Earlier registration forms were prescribed under repealed SEBI (Stock Brokers) Regulations, 1992.

• Under SEBI (Stock Brokers) Regulations, 2026, forms are to be specified by SEBI or recognised Stock Exchange.

• SEBI has now specified:

  • Form A – Application for registration as Stock Broker

  • Form B – Application for registration as Clearing Member

  • Form C – Certificate of Registration

• Circular effective retrospectively from January 07, 2026.

• Forms include detailed disclosure requirements:

  • Member details

  • Organizational structure

  • Net worth & PAN

  • Director/Partner details

  • Experience in securities/derivatives market

  • Fit & Proper criteria compliance

• Exchanges/Clearing Corporations must implement and disseminate the circular.

Compliance Requirements For Stock Exchanges & Clearing Corporations:

• Inform members/participants and publish on website.

• Amend Bye-laws, Rules & Regulations accordingly.

• Ensure use of prescribed Forms (A, B & C).

For Applicants (Stock Brokers / Clearing Members):

• Submit application in prescribed format.

• Provide:

  • Net worth proof

  • PAN details

  • MOA/AOA or Partnership Deed

  • Clearing agreement (if applicable)

• Pay requisite fee as per Chapter IX of SEBI (Stock Brokers) Regulations, 2026.

• Provide declaration regarding:

  • Insolvency/defaulter status

  • Compliance with ‘Fit and Proper Person’ criteria (Schedule II of SEBI (Intermediaries) Regulations, 2008).

• Ensure correctness of information (false information may lead to cancellation of registration).