Investor grievance redressal: shortened timelines and staged monetary relief from exchange protection funds pending arbitration. SEBI mandates shortened timelines and a staged grievance resolution: exchanges must attempt resolution at exchange level, proceed to conciliation, and permit the Investor Grievance Redressal Committee (IGRC) to determine admissibility. If a claim is admissible, exchanges shall block the claim from the Member's deposit and allow the Member a brief period to elect arbitration; if arbitration is chosen, exchanges may grant staged monetary relief from the Investor Protection Fund (IPF) subject to undertakings, caps, recovery from blocked Member funds, and measures against misuse.
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.
Investor grievance redressal: shortened timelines and staged monetary relief from exchange protection funds pending arbitration.
SEBI mandates shortened timelines and a staged grievance resolution: exchanges must attempt resolution at exchange level, proceed to conciliation, and permit the Investor Grievance Redressal Committee (IGRC) to determine admissibility. If a claim is admissible, exchanges shall block the claim from the Member's deposit and allow the Member a brief period to elect arbitration; if arbitration is chosen, exchanges may grant staged monetary relief from the Investor Protection Fund (IPF) subject to undertakings, caps, recovery from blocked Member funds, and measures against misuse.
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