To enhance ease of doing business and update compliance requirements for Market Infrastructure Institutions (MIIs), SEBI has revised regulations for Internet-Based Trading (IBT) based on inputs from stakeholders, including the Industry Standard Forum (ISF) of stock brokers. SEBI’s Working Group of MIIs and the Secondary Market Advisory Committee (SMAC) decided that brokers must now apply to their respective stock exchanges for permission to provide IBT services, with the exchange required to respond within 7 calendar days instead of the previous 30 days. Additionally, the periodic confirmation of IBT statistics by brokers before publication has been removed. Exchanges will now publish IBT statistics based on the details of IBT terminals provided by brokers, who must submit the necessary information to the exchange as deemed fit. 
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