It proposes to formally define ‘Algorithmic Trading’ as any order generated using automated execution logic. A definition for ‘Execution Only Platform’ (EOP) is added to clarify the role of digital platforms that facilitate mutual fund transactions. The term ‘Proprietary Trading’ is being defined to differentiate a broker’s own trading from client trades, and the definition of a ‘Proprietary Trading Member’ will be expanded beyond the debt segment. It also introduces significant amendments to enhance broker governance, compliance, and investor protection. The companies operating as stock brokers will be required to have at least one designated director who resides in India for a minimum of 182 days per financial year. The brokers must now notify SEBI of any material changes in their registration information, a requirement currently only in place for changes in control. It proposes to enhance its oversight by enabling joint inspections of stock brokers by SEBI, stock exchanges, and depositories, which is intended to increase efficiency and avoid multiple inspections. The comments/ feedback from stakeholders are invited.