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<h1>SEBI Updates Investor Grievance Redressal: New Arbitrator Rules, Digital Submissions, and Enhanced Investor Protection Measures.</h1> The circular outlines amendments to the Investor Grievance Redressal Mechanism by the Securities and Exchange Board of India (SEBI) to enhance effectiveness at Market Infrastructure Institutions. Key changes include public dissemination of arbitrator profiles, submission of documents in electronic format, annual performance reviews, and training for arbitrators. The mechanism for implementing awards includes creating a database of defaulting clients. Separate panels for arbitration and appellate arbitration are mandated, with revised fees for arbitrators. The circular also addresses the management and utilization of Investor Protection Fund and Investor Service Fund, emphasizing investor education and awareness. Additionally, the roles of various committees, including the Disciplinary Action Committee and Defaulters' Committee, are defined.