NO.
Probably I got a routine reply that your problem is solved.
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I wrote a detailed letter to SEBI also point by point. Probably they read it, I mentioned I am a full time trader.
I request to many trader friend to write a letter to SEBI. Many trader friend did that.
After 18 Sept meeting passed with no action on networth-itr linking , I think SEBI also aware of the growing anger from traders community.
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Now, don't worry too much now, concentrate on trading as most vital Sept 18 meeting was over and brokers and exchanges jointly prevented the networth-itr linking move.
Most importantly SEBI advanced the date of the board meeting to September 18 from scheduled date Sept 27 so that implement that decision of ITR and networth based linking as early as possible.
They failed miserably.
As per earlier report,
Implementation of the Fair Market report may kick-up a storm as the committee has recommended entry barriers for retail investors. It is proposed that retail players be allowed to trade in markets based on their net worth.
Yes it kicked up such a nice storm in Sept 18 meeting that SEBI may not try to take in another 5 years.
Now all traders must be busy increasing net worth for next 5 years.
But since the start of the thread SEBI have implemented many trader unfriendly measures including psychical settlement and ASM. ASM will hurt the liquidity for sure. So SEBI must stop now. They already have something in their kitty, the ASM will decrease intraday exposure also-
BO, CO, MIS margin all are going to increase.
So, now SEBI must stop, for next 5 years at least.
Who knows the margin requirement of Nifty, Bank Nifty after 5 years. Index will increase further in next 5 year so that SEBI may not need to cut the exposure. Margin will be much higher in 2023 then.