Penalty for non-compliance with regulatory rules imposes heavy fines on stock exchanges and clearing corporations. A provision imposes a penalty on a stock exchange or clearing corporation that fails to conduct business with members, issuers, agents or market participants in accordance with regulatory rules and directions; the liable entity faces a minimum statutory sanction and a maximum sanction set either by a prescribed upper limit or by a multiple of gains from the failure, whichever is higher.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Penalty for non-compliance with regulatory rules imposes heavy fines on stock exchanges and clearing corporations.
A provision imposes a penalty on a stock exchange or clearing corporation that fails to conduct business with members, issuers, agents or market participants in accordance with regulatory rules and directions; the liable entity faces a minimum statutory sanction and a maximum sanction set either by a prescribed upper limit or by a multiple of gains from the failure, whichever is higher.
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