SEBI and NSE Introduce Centralised Compliance Reporting Platform
The Securities and Exchange Board of India (SEBI), in collaboration with stock exchanges, has launched a unified compliance reporting platform called Samuhik Prativedan Manch. Managed by the National Stock Exchange, this portal will allow stock brokers to submit compliance reports to a single interface instead of multiple exchanges.
Streamlining Broker Compliance
Under the current system, brokers registered with more than one exchange must duplicate submissions. From August 1, 2025, the new platform will eliminate redundant reporting, beginning with 40 compliance forms. This is expected to benefit approximately 990 multi-exchange brokers, reducing administrative burden and costs
Phased Rollout Strategy
Samuhik Prativedan Manch will roll out in phases. The first phase includes 40 compliance reports, with future phases set to onboard more reporting categories and extend coverage to commodity brokers. SEBI emphasises that this phased approach ensures smooth transition and robust adoption across the industry.
Fostering Ease of Doing Business
SEBI states that the platform is part of its ongoing effort to promote regulatory simplicity, transparency, and cost-efficiency. The move aligns with broader goals of enhancing ease of doing business for intermediaries and improving investor experience through streamlined regulations.
Looking Ahead
As the platform expands, brokers can expect further simplification in compliance workflows. SEBI will continue to monitor implementation stages and expand the system to cover broader reporting domains, including commodity markets.
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