Under the existing provisions, brokers must appropriately name and tag bank and demat accounts and report their opening and closure to stock. SEBI has proposed aligning exemptions for brokers that are primary dealers with those available to banks and relaxing demat account reporting requirements. It clarify that demat accounts used exclusively for non-broking activities by brokers who are also primary dealers will not require tagging. Brokers that are banks or primary dealers need to report only those bank accounts used for stock broking activities. The comments/ feedback from stakeholders is invited.