Amit Pastagia SEBI Registered RA

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@compliancify @SEBI_updates @PIBHomeAffairs @PMOIndia @nsitharaman @nsitharamanoffc All regulations for registered entities. Playground open for all unregistered and for cheaters.

@SEBI_updates @PIBHomeAffairs @PMOIndia @nsitharaman @nsitharamanoffc CRIPPLED AND BROKEN PROCESS OF REGULATION TO IMPLEMENTATION In this tweet, I highlight the failure of process that connects regulations and execution. Every regulator's system - be SEBI, Income Tax or GST behaves and throws the pandora's box of problems. WHY ENOUGH IS ENOUGH. THIS TWEET HIGHLIGHTS THE VOICE OF THOUSANDS OF SUCH STORIES. READ TILL THE END. FOR NEWS CHANNELS @CNBCTV18Live @CNBC_Awaaz @ZeeBusiness @AnilSinghvi_ @ETNOWlive @livemint , IT IS THE REAL NEWS TO HIGHLIGHT. Yes, the heading above is well thought of and I explain this why. SEBI vide circular SEBI/HO/DEPA-II/DEPA-II_SRG/P/CIR/2025/86 dated 11th Jun 25 asked all intermediaries for adaptation of standardized & validated UPI Id for payment collection from Investors. Great and good initiative. But the real question is Has SEBI thought and researched on the ground realities of implementation of this system ?? THE ANSWER IS BIG NO - Because regulator just thought of a system and its timelines without realizing what will be the nuances of implementation. That is where the biggest problem arises. The problem gets excruciating painful, specially for small scale intermediaries like individual research analyst (RA) and investment advisors (IA). How - Here are the issues which these small scale intermediaries are facing and wasting their valuable time banging their heads to understand - what needs to be done. 1. SEBI has simply issued the circular and now banks are asking for requirements which were never highlighted or updated by SEBI or BSE. Even SEBI & BSE themselves have not idea of questions being asked by banks from intermediaries. 2. BSE is conducting the webinar on weekends and on most of the question their answer is either we will get back to you or SEBI has asked for it - What the solution @BSEIndia 3. RA/IA who are registered as "Individual" RA/IAs are asked to open current account only than valid UPI will be approved. When they are approaching banks- banks are asking current account will be opened only for proprietor. Under SEBI regulations it will be entity mismatch - what should RA/IA do in such case - has SEBI discussed this while finalizing circular - Visibly - BIG NO 4. From the list of bank- only handful of banks are doing this process and SEBI is asking to complete the UPI creation in a day or two - Another failure to understand ground realities 5. BSE is asking to submit the doc- just giving one day as deadline whereas in the circular deadline is 30th Sep 25. What kind of pressure is this on small scale intermediaries. Have you complete the work at your end - NO 6. For many queries that these small scale intermediaries are asking - BSE / SEBI folks has no answer. They asked to fill form to collection concerns. Why these things were not managed earlier. The final take is - SEBI /BSE are themselves are half prepared for this initiative and putting a lot of pressure on small scale intermediaries to do things overnight. This is ridiculous. In the recent past as well these execution realities were not taken care by SEBI - In case of deposit requirements - Intermediaries had to run pillar to post to get the FDs done from banks. Ultimately the timeline was extended. Extending timelines is not achievement or something to celebrate but it is a confirmation of gross failure to understand the ground realities. I hope that this hasty valid UPI activity will be re-looked at. The regulator must go to whiteboard again and meet with stakeholders to redraft the implementation and come with a reasonable timeline. Dont worry - Credit is a credit - whether that will be taken on 1st Oct or later - The importance wont go down Understand the small scale intermediary community is really exhausted with these kind of hasty implementations. #SEBI #researchanalyst #investmentadvisor #extend_validUPI_deadline #No_to_hasty_implementation

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TCS as per Elliott wave 5th looks completed 2900 looks Support Expecting reversal soon Disclaimer and Disclosure:- All posts are education purpose only Contact your financial advisor before taking trade. cdn.shopify.com/s/files/1/0559… #tcs #nifty #banknifty