SEBI issued a circular on "Financial Disincentives for ...

SEBI Introduces Financial Penalties for Market Infrastructure Institutions' Surveillance Lapses Starting July 2024.

June 6, 2024

Circulars SEBI

SEBI issued a circular on "Financial Disincentives for Surveillance Related Lapses" at Market Infrastructure Institutions (MIIs). MIIs play a crucial role in market integrity. SEBI can take action u/s SEBI Act, 1992 for contraventions. Surveillance is a core function of MIIs to detect market abuse. The framework introduces financial disincentives for Surveillance Related Lapses based on MII revenue and instances of lapses. SEBI will provide an opportunity for submissions before imposing disincentives. MIIs must credit the disincentives to SEBI-IPEF. Disclosure requirements are specified. The framework excludes matters with market-wide impact or affecting market integrity. It does not apply to minor procedural lapses. Effective from July 1, 2024, the framework does not limit SEBI's other enforcement actions.

View Source

← Previous Next →

SEBI issued a circular on "Financial Disincentives for ...

SEBI Introduces Financial Penalties for Market Infrastructure Institutions' Surveillance Lapses Starting July 2024.

June 6, 2024

Circulars SEBI

You may also like:

SEBI issued a standardized circular mandating a comprehensive format for System and Network audit reports for Market Infrastructure Institutions (MIIs). The circular...

IPF Trust and Committees at Market Infrastructure Institutions (MIIs)

Guidelines for Business Continuity Plan (BCP) and Disaster Recovery (DR) of Market Infrastructure Institutions (MIIs)

SEBI has extended the compliance timeline for implementing the Cybersecurity and Cyber Resilience Framework (CSCRF) by three months until June 30, 2025. This extension...

The circular issued by SEBI on May 24, 2024, addresses the sharing of real-time price data with third parties, particularly online gaming platforms using virtual trading...

The circular issued by SEBI on charges levied by Market Infrastructure Institutions (MIIs) emphasizes the need for transparent and fair access to all market participants....

CESTAT determined that providing infrastructure and support services to educational institutions like IIM and XLRI does not constitute commercial training and coaching...

This circular issued by SEBI signifies a significant step towards strengthening regulatory oversight in the Indian securities market. By expanding the framework of...

SEBI issued a circular modifying the framework for Offer for Sale (OFS) of shares to employees through stock exchange mechanism. Employees will now place bids at the...

SEBI amended the Securities Contracts Regulations by introducing Regulation 39B, establishing strict accountability for recognized stock exchanges and clearing...

SEBI introduced a beta version of the T+0 rolling settlement cycle on an optional basis alongside the existing T+1 settlement cycle in the equity cash market. The...

The Securities and Exchange Board of India (SEBI) has introduced new regulations titled "Securities and Exchange Board of India (Index Providers) Regulations, 2024,"...

SEBI Master Circular on Securities Market Surveillance consolidates provisions for market intermediaries, focusing on three key areas: trading rules, market...

The circular mandates Alternative Investment Funds (AIFs) to conduct an annual audit of compliance with the Private Placement Memorandum (PPM) as per SEBI (AIF)...

SEBI has implemented iSPOT (Integrated SEBI Portal for Technical glitches), a web-based platform replacing email-based reporting of technical glitches by Market...

Quick Updates: