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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>SEBI Sets New Rules for Market Makers on SME Exchanges: Mandatory Quotes, Compliance Monitoring, Penalties for Non-Compliance.</h1> The Securities and Exchange Board of India (SEBI) has issued guidelines for market makers on Small and Medium Enterprise (SME) exchanges or platforms within existing exchanges. Market making is mandatory for all listed and traded scrips on SME exchanges. Eligible members must register as market makers and provide two-way quotes 75% of the time, with a minimum quote depth of Rs. 1,00,000. A maximum of five market makers per scrip is allowed, selected based on criteria like capital adequacy. Exchanges must monitor compliance, enforce risk containment measures, and disseminate market maker information publicly. Non-compliance may lead to penalties.