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of <h1>SEBI Circular Standardizes Penalties for Margin Reporting Violations; Fines Up to 100% for Non-Compliance by Sept 1, 2019.</h1> The circular issued by SEBI on August 1, 2019, aims to standardize penalties for false, incorrect, or non-reporting of margins by Trading and Clearing Members across all segments. It mandates Stock Exchanges and Clearing Corporations to create a uniform framework for imposing fines, considering the severity and frequency of violations. Penalties may include fines up to 100% of the unreported margin and possible suspension of trading. The circular rescinds specific clauses from previous SEBI circulars and requires implementation by September 1, 2019. Exchanges must update their rules and report compliance to SEBI monthly.
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