Financial disincentives for surveillance lapses to penalize MIIs for non implementation of surveillance decisions and reporting failures. The framework defines Surveillance Related Lapses as non implementation, partial or delayed implementation of surveillance meeting decisions or SEBI communications, failures in performing agreed surveillance activities, and inadequate or non reporting of surveillance activity. It prescribes monetary disincentives on a sliding scale tied to the MII's annual revenue band and number of SRL instances, requires pre imposition opportunity to submit, mandates payment to the Investor Protection and Education Fund within a specified timeframe, and requires public disclosure of imposed disincentives, while excluding matters of market wide impact or minor procedural lapses.
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.
Financial disincentives for surveillance lapses to penalize MIIs for non implementation of surveillance decisions and reporting failures.
The framework defines Surveillance Related Lapses as non implementation, partial or delayed implementation of surveillance meeting decisions or SEBI communications, failures in performing agreed surveillance activities, and inadequate or non reporting of surveillance activity. It prescribes monetary disincentives on a sliding scale tied to the MII's annual revenue band and number of SRL instances, requires pre imposition opportunity to submit, mandates payment to the Investor Protection and Education Fund within a specified timeframe, and requires public disclosure of imposed disincentives, while excluding matters of market wide impact or minor procedural lapses.
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