Securities market surveillance framework consolidates trading controls, insider-trading disclosures, and PAN freeze restrictions for designated persons. SEBI's master circular consolidates surveillance requirements for the securities market, including Trade for Trade trading rules, controls on unauthenticated news, financial disincentives for surveillance related lapses at market infrastructure institutions, insider-trading disclosures, system-driven continual disclosures and trading-window restrictions. It also updates the framework for subscription to specified securities during trading-window closure and for freezing PAN at security level for designated persons and their immediate relatives. The rescinded circulars remain effective for prior acts, pending applications, accrued rights, liabilities, penalties and proceedings.
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Provisions expressly mentioned in the judgment/order text.
Securities market surveillance framework consolidates trading controls, insider-trading disclosures, and PAN freeze restrictions for designated persons.
SEBI's master circular consolidates surveillance requirements for the securities market, including Trade for Trade trading rules, controls on unauthenticated news, financial disincentives for surveillance related lapses at market infrastructure institutions, insider-trading disclosures, system-driven continual disclosures and trading-window restrictions. It also updates the framework for subscription to specified securities during trading-window closure and for freezing PAN at security level for designated persons and their immediate relatives. The rescinded circulars remain effective for prior acts, pending applications, accrued rights, liabilities, penalties and proceedings.
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