MUMBAI: The new 75% norm of trade peak margin by the Securities and Exchange Board of India (Sebi) kicked in today amid brokerage firms' plea to roll back the regulation. The peak margin trading will be eventually raised to 100% by September. The market regulator’s new mandate on margin trading was brought to effect last year in a phased manner. Earlier, broking industry body Association of National Exchanges Members of India (Anmi) had urged regulatory authorities to reconsider the proposed 100% levy on day trade peak margins. In a letter to Sebi, Anmi said the proposed margin is 300% of what should have been the actual levy.

Source: Mint June 01, 2021 06:03 UTC