Description

RTI appeal by Geeta Khattar seeking information on legal provisions governing Quality Stock Brokers and Depository Participants regarding contract notes, risk management policies, demat account restrictions, and related regulatory matters.

Summary

This is an order by the Appellate Authority under the Right to Information Act, 2005 at SEBI, concerning Appeal No. 6763 of 2026 filed by Geeta Khattar against the CPIO, SEBI, Mumbai. The appellant had originally filed an RTI application on December 12, 2025, seeking detailed information about legal provisions governing Quality Stock Brokers (QSBs) and Depository Participants (DPs), including their authority to modify contract notes, impose trading restrictions, and manage demat accounts.

Key Points

  • Appellant Geeta Khattar filed an RTI application dated December 12, 2025, received via the RTI MIS Portal.
  • CPIO, SEBI responded on January 09, 2026.
  • The appellant subsequently filed this first appeal (Reg. No. SEBIH/A/E/26/00078) on February 20, 2026.
  • The appeal covers six broad query areas relating to broker and depository participant regulatory powers.
  • The Appellate Authority decided the matter based on available records.

Regulatory Changes

No regulatory changes are introduced by this order. It is an adjudication of an individual RTI appeal.

Compliance Requirements

No new compliance requirements are imposed on market participants. The order addresses an individual’s right to information queries regarding existing regulations applicable to:

  • Quality Stock Brokers (QSBs) and Depository Participants (DPs) under SEBI (Stock Brokers) Regulations, 1992 and SEBI (Intermediaries) Regulations, 2008.
  • Contract note formats, risk management policies, demat account controls, and Delivery Instruction Slip (DIS) formats.

Important Dates

  • December 12, 2025: Original RTI application filed by appellant.
  • January 09, 2026: CPIO, SEBI responded to the RTI application.
  • February 20, 2026: Appellant filed first appeal (Reg. No. SEBIH/A/E/26/00078).
  • March 16, 2026: Date of this appellate order.

Impact Assessment

This order has no direct market or operational impact. It is an individual RTI grievance matter involving queries about broker and depository participant regulations, escalation mechanisms within SEBI, and information about the appellant’s own demat account with HDFC Securities/CDSL. The outcome is relevant only to the appellant and does not create any new obligations or changes for the broader market.

Impact Justification

Routine RTI appellate order concerning an individual investor's information requests about stock broker and depository participant regulations; no market-wide regulatory changes or compliance mandates issued.