TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>SEBI Introduces Financial Penalties Framework for Surveillance Lapses at MIIs, Effective July 2024, to Prevent Market Abuse.</h1> The Securities and Exchange Board of India (SEBI) has introduced a framework for financial disincentives targeting surveillance-related lapses at Market Infrastructure Institutions (MIIs), including stock exchanges, clearing corporations, and depositories. This framework aims to ensure MIIs effectively monitor and prevent market abuse, with penalties based on the institution's revenue and the number of lapses. MIIs must report and implement surveillance activities promptly, with financial penalties for non-compliance credited to the SEBI Investor Protection and Education Fund. The framework, effective from July 1, 2024, excludes minor procedural errors and significant market-impacting issues, which are subject to separate proceedings.
TaxTMI 
TaxTMI 
