Fit and Proper disclosures on contract notes shifted to regulatory reference URLs, enabling streamlined compliance and bylaw amendments. SEBI removes the requirement to publish the full text of Regulation 19 on contract notes; in post listing cases, contract notes may instead include a reference to the applicable fit and proper provisions by providing a URL/weblink to Regulation 19 and 20. Stock exchanges must amend bye laws, notify members, disseminate the change on their websites, and report implementation in their Monthly Development Report.
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.
Fit and Proper disclosures on contract notes shifted to regulatory reference URLs, enabling streamlined compliance and bylaw amendments.
SEBI removes the requirement to publish the full text of Regulation 19 on contract notes; in post listing cases, contract notes may instead include a reference to the applicable fit and proper provisions by providing a URL/weblink to Regulation 19 and 20. Stock exchanges must amend bye laws, notify members, disseminate the change on their websites, and report implementation in their Monthly Development Report.
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