Sebi not to penalize self trades, sets legal policy for such orders2 min read 12 Jun 2017, 03:55 AM IST
As per Sebi's legal policy, self trade orders and proceedings would be allowed to be settled through consent mechanism against a nominal fee of Rs2-5 lakh
Mumbai: The Securities and Exchange Board of India (Sebi) has decided not to penalize self trades, reversing its earlier stand. The markets watchdog has also formulated a legal policy to dispose of the adjudication proceedings related to 100 showcause notices issued to market entities on self trades, two people aware of the issue said.
Select your Category