Unauthenticated news circulation must be prevented by intermediaries through internal controls and compliance officer approval. Intermediaries must implement internal codes of conduct and controls to prevent employees from circulating rumours or unverified market information; all market-related communications must be forwarded only after review and approval by the intermediary's Compliance Officer, with restricted or supervised access to blogs/chat forums, maintenance of usage logs as records, and training and checks to ensure compliance. Stock Exchanges and Depositories must amend bye-laws, notify participants, disseminate the circular and report implementation to SEBI. The measures are issued under SEBI's regulatory powers to protect investors and regulate markets and are effective immediately.
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.
Unauthenticated news circulation must be prevented by intermediaries through internal controls and compliance officer approval.
Intermediaries must implement internal codes of conduct and controls to prevent employees from circulating rumours or unverified market information; all market-related communications must be forwarded only after review and approval by the intermediary's Compliance Officer, with restricted or supervised access to blogs/chat forums, maintenance of usage logs as records, and training and checks to ensure compliance. Stock Exchanges and Depositories must amend bye-laws, notify participants, disseminate the circular and report implementation to SEBI. The measures are issued under SEBI's regulatory powers to protect investors and regulate markets and are effective immediately.
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