TMI BlogAmendment to SEBI Circulars pertaining to Investor Grievance Redressal System and Arbitration MechanismX X X X Extracts X X X X X X X X Extracts X X X X ..... Sir/ Madam, Sub.: Amendment to SEBI Circulars pertaining to Investor Grievance Redressal System and Arbitration Mechanism 1. Attention is drawn to SEBI circulars bearing reference nos. CIR/CDMRD/DEICE/CIR/P/2017/77 dated July 11, 2017 and CIR/CDMRD/DCE/CIR/P/2018/48 dated March 14, 2018 on Investor Grievance Redressal System and Arbitration Mechanism. 2. In order to further enhanc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xchanges to ensure that in the same matter, the members of arbitration panel are not considered for constituting the appellate arbitration panel if the matter goes to appeal. 2.2. Clause 2.A (viii) and Clause 2.A (xi) (iii) of the aforesaid Circular shall be substituted with the following: a. 2.A (viii). Place of arbitration / appellate arbitration In case, the award amount is more t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... wo lakhs), whichever is less, shall be released to the client from IPF of the Stock Exchange. b) In case the arbitration award is in favour of the client and the member opts for appellate arbitration, then a positive difference of, 50% of the amount mentioned in the arbitration award or ₹ 3.00 lakhs (Rs. Three lakhs), whichever is less, and the amount already released to the client at cla ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... No. CIR/CDMRD/DCE/CIR/P/2018/48 dated March 14, 2018 2.3. The following shall be inserted at the end of Clause 2 (ii) of the aforesaid Circular: 2 (ii). Speeding up grievance redressal mechanism The additional fees charged from the trading members, if the claim is filed beyond the prescribed timeline, if any, to be deposited in the IPF of the respective Stock Exchange. 3. The ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cular is available on SEBI website at www.sebi.gov.in under the category Circulars and Info for Commodity Derivatives . Yours faithfully, Vishakha More Deputy General Manager Division of Complaints Commodity Derivatives Market Regulation Department vishakham@sebi.gov.in - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Manag ..... X X X X Extracts X X X X X X X X Extracts X X X X
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