Sebi asks stockbrokers to set up institutional mechanism to tackle fraud, market abuse. All you need to know
Capital market regulator Securities and Exchange Board of India (Sebi) directed stockbrokers to establish an institutional mechanism to detect and prevent fraud and market abuse. The initiative aims to instil confidence in the securities market. The Sebi circular, released on Thursday, states that its provisions will come into force in a risk-based, staggered manner to ensure smooth adoption by all stockbrokers. The brokerages will get sufficient time, based on their size, to make necessary changes. It is worth remembering that Sebi on May 22 released a master circular for stockbrokers, listing a range…
Read More