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SEBI Mandates QSBs To Offer UPI-Based Mechanism For Secondary Market

Inc42 · 11m ago

SEBI Mandates QSBs To Offer UPI-Based Mechanism For Secondary Market

1. UPI block facility enables investors to trade in the secondary market using blocked funds in their bank accounts. 2. Traders no longer need to transfer funds upfront to the trading member, reducing hassle and time. 3. QSBs are advised to provide a three-in-one trading account facility as an alternative option. 4. The UPI block facility is expected to encourage more retail investors to utilize UPI for trading. 5. It provides an added layer of security by safeguarding assets from misuse and other capital risks. 6. The initiative aims to promote ease of trading and enhance investor experience in the secondary market.

Related News

SEBI proposes mandatory UPI block mechanism facility for secondary market trading

YourStory

YourStory · 1y ago

SEBI proposes mandatory UPI block mechanism facility for secondary market trading

The Securities and Exchange Board of India (SEBI) has proposed requiring Qualified Stock Brokers (QSBs) to offer the option of trading in the secondary market using the UPI-based block mechanism. This would allow clients to trade based on blocked funds in their bank accounts instead of transferring funds upfront. SEBI has also suggested that QSBs can offer a "3-in-1 trading account facility" as an alternative. The SEBI expects this mechanism to become popular among retail investors, as it allows funds to remain in their account earning interest. Public comments on the proposals are being sought until September 12.

SEBI Unveils ‘Valid’: UPI Fraud Buster for Safer Market Deals

StartupTalky

StartupTalky · 2m ago

SEBI Unveils ‘Valid’: UPI Fraud Buster for Safer Market Deals

SEBI introduced "Valid," a secure Unified Payments Interface (UPI) mechanism, to enhance transaction security in the securities market. Launching on October 1, 2025, it assigns unique UPI addresses for registered market intermediaries to collect client payments, featuring the handle "@valid" for authenticity. Aimed at preventing fraud, it mandates intermediaries to provide this system to their investors. Additionally, "SEBI Check" will allow investors to verify registered intermediaries’ bank details and UPI IDs, boosting trust and transaction integrity.

Zerodha Sticks To Zero-Brokerage Model As SEBI Norms Kick In

Inc42 · 11m ago

Zerodha Sticks To Zero-Brokerage Model As SEBI Norms Kick In

1. Zerodha may no longer offer zero brokerage due to new SEBI mandates. 2. The new mandates prohibit discounts based on trading volumes or members' activities. 3. Zerodha's consolidated net profit increased by 61% to INR 4,700 Cr in FY24. 4. The company's operating revenue rose by 21% YoY to INR 8,320 Cr. 5. The mandates came into effect on October 1, impacting market infrastructure institutions.

Sebi set to launch new UPI mechanism for MFs, brokers

Economic Times

Economic Times · 2m ago

Sebi set to launch new UPI mechanism for MFs, brokers

The Securities and Exchange Board of India (SEBI) is launching a new Unified Payments Interface (UPI) mechanism to enhance transaction security in the securities market. This involves mandating a verified UPI handle for brokers and mutual funds, allowing investors to transact only with authenticated entities. The new system, effective from October 1, includes a functionality for verifying UPI IDs and maintains a transaction limit of ₹5 lakh per day for capital market transactions.

SEBI mandates new UPI mechanism for registered intermediaries to improve safety

YourStory

YourStory · 2m ago

SEBI mandates new UPI mechanism for registered intermediaries to improve safety

The Securities and Exchange Board of India (SEBI) has mandated a new UPI payment mechanism for all registered intermediaries to enhance transaction safety and investor confidence. Effective from October 1, 2025, this mandate addresses impersonation issues by implementing a verified UPI address structure for intermediaries collecting funds from investors. Additionally, SEBI is developing "Sebi Check," a tool to verify UPI IDs and confirm details like account numbers and IFSC of intermediaries, as announced by SEBI chief Tuhin Kanta Pandey.

Sebi confirms JM Financial ban on public debt issues

Livemint

Livemint · 1y ago

Sebi confirms JM Financial ban on public debt issues

The Securities and Exchange Board of India (SEBI) has confirmed its interim order barring JM Financial from acting as a lead manager for new public issues of debt securities. This comes after SEBI found serious regulatory lapses when the company acted as a lead manager for a public issue. JM Financial gave a voluntary undertaking that it will not take up new mandates as a lead manager until May 2025, and also requested to resolve the matter through the settlement mechanism under SEBI regulations.

Sebi mulls tech-based measures to prevent unauthorised transaction in investors’ demat account

Livemint

Livemint · 6m ago

Sebi mulls tech-based measures to prevent unauthorised transaction in investors’ demat account

To enhance trading security, SEBI proposes a SIM binding mechanism for authenticating trades, akin to UPI applications. The new system links mobile devices to the client’s Unique Client Code (UCC), requiring biometric authentication and utilizing QR codes for desktop access. The framework includes SIM binding, multi-device logins, and emergency backup systems. Initially optional, the phased implementation will become mandatory, targeting unauthorized transactions and enhancing investor protection across top stock brokers.

SEBI mulls safe UPI payment mechanism for registered market intermediaries

YourStory

YourStory · 6m ago

SEBI mulls safe UPI payment mechanism for registered market intermediaries

The Securities and Exchange Board of India (SEBI) proposes a unique UPI address for registered market intermediaries, enhancing secure payments in the securities market and combating fraud. The initiative includes a unique alphanumeric UPI ID, a verification icon, and raises transaction limits to Rs 5 lakh per day. SEBI seeks public feedback and aims to distinguish legitimate intermediaries from fraudsters, ensuring investors' payments reach authorized entities, thereby reinforcing trust in the digital financial ecosystem.

JM Financial says will fully cooperate with Sebi in probe into public issue of debt securities

Livemint

Livemint · 1y ago

JM Financial says will fully cooperate with Sebi in probe into public issue of debt securities

JM Financial Ltd has stated that it will cooperate with the Securities and Exchange Board of India (SEBI) in its investigation into the public issue of debt securities. This comes after SEBI barred the company from accepting new mandates as a lead manager for these securities due to regulatory violations. While JM Financial can continue with existing mandates for 60 days, SEBI will conduct an investigation into the matter within six months. Just days earlier, the Reserve Bank of India had also barred JM Financial from providing any financing against shares and debentures.

NPCI set to launch Asba-like facility for secondary market from January

Economic Times

Economic Times · 1y ago

NPCI set to launch Asba-like facility for secondary market from January

The National Payments Corporation of India (NPCI) is planning to launch an Application Supported by Blocked Amount (ASBA)-like facility for the secondary market from January. This facility will allow investors to block money in their bank accounts for buying shares in initial public offerings (IPOs) and will be integrated with the Unified Payments Interface (UPI) platform. It aims to simplify the process of buying shares in IPOs and improve transparency in the secondary market.

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