Verification of market rumours extended; compliance timeline for top listed entities postponed to allow industry standards finalisation. The circular defers the effective compliance timeline for the proviso to Regulation 30(11) of the LODR Regulations, extending the period before specified listed entities must mandatorily verify and confirm, deny or clarify market rumours, to allow finalisation of industry standards and required amendments to the Regulations under powers exercisable under Section 11 of the SEBI Act read with Regulation 101 of the LODR Regulations.
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Verification of market rumours extended; compliance timeline for top listed entities postponed to allow industry standards finalisation.
The circular defers the effective compliance timeline for the proviso to Regulation 30(11) of the LODR Regulations, extending the period before specified listed entities must mandatorily verify and confirm, deny or clarify market rumours, to allow finalisation of industry standards and required amendments to the Regulations under powers exercisable under Section 11 of the SEBI Act read with Regulation 101 of the LODR Regulations.
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