SEBI has set a deadline of January 31, 2023, for receiving applications for registration.

All applications received by the deadline will be processed by March 31, 2023.

This applies to applications for registration as a stockbroker, sub-broker, depository participant, investment advisor, and research analyst.

SEBI has also clarified that applications received after the deadline will be processed on a first-come, first-served basis.

The move is aimed at streamlining the registration process and reducing the time taken for approval.

SEBI has urged all concerned entities to submit their applications well before the deadline to avoid any delays.

This announcement is expected to benefit the Indian securities market by ensuring that all registered entities comply with SEBI's regulations.