Liquidity enhancement scheme governance tightened: board approval annually with quarterly monitoring; schemes may cover any security and be reintroduced. SEBI requires stock exchanges to obtain prior Governing Board approval for each Liquidity Enhancement Scheme, valid for one year and renewable annually, with quarterly monitoring of implementation and outcomes; schemes may be introduced on any security and reintroduced after discontinuation; exchanges must implement systems, amend bye laws and notify trading members and public via their websites.
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.
Liquidity enhancement scheme governance tightened: board approval annually with quarterly monitoring; schemes may cover any security and be reintroduced.
SEBI requires stock exchanges to obtain prior Governing Board approval for each Liquidity Enhancement Scheme, valid for one year and renewable annually, with quarterly monitoring of implementation and outcomes; schemes may be introduced on any security and reintroduced after discontinuation; exchanges must implement systems, amend bye laws and notify trading members and public via their websites.
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