| Notification Detail :
RBI/FMRD/2024-25/127
FMRD.MIOD.No.12/11.01.051/2024-25
February 07, 2025
To
All participants in Government Securities market
Madam/Sir,
Access of SEBI-registered non-bank brokers to NDS-OM
Please refer to Paragraph 2 of the Statement on Developmental and Regulatory Policies announced as a part of the Bi-monthly Monetary Policy Statement for 2024-25 dated February 07, 2025, on making the Negotiated Dealing System – Order Matching (NDS-OM) platform available for access by non-bank brokers registered with Securities and Exchange Board of India (SEBI) to facilitate trades of retail investors. A reference is also invited to the Reserve Bank of India (Access Criteria for NDS-OM) Directions, 2024 dated October 18, 2024, wherein the Reserve Bank had prescribed criteria for access to the NDS-OM platform.
2. Necessary changes to the access criteria for NDS-OM have been made in this regard. The revised access criteria have been consolidated under Master Direction - Reserve Bank of India (Access Criteria for NDS-OM) Directions, 2025 and are issued herewith in supersession of Reserve Bank of India (Access Criteria for NDS-OM) Directions, 2024 dated October 18, 2024.
3. The Directions contained in this circular have been issued in exercise of the powers conferred under section 45W of the Reserve Bank of India Act, 1934, read with section 45U of the Act and of all the powers enabling it in this behalf.
4. The Directions shall be applicable with immediate effect.
Yours faithfully,
(Dimple Bhandia)
Chief General Manager
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