The Securities and Exchange Board of India (SEBI) has overhauled its stockbroker regulations, replacing the 1992 rules with a new framework effective 2026. This update aims to simplify compliance and enhance the ease of doing business by streamlining language, removing outdated provisions, and clarifying definitions. Key changes include allowing stockbrokers to operate under other financial regulators, undertake additional regulated activities, and provide incidental investment advice. The regulations are now structured into eleven chapters for improved readability.