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        SEBI

        The circular issued by SEBI on April 24, 2024, addresses the...

        SEBI Eases Contract Note Rules: 'Fit and Proper' Text Optional, URL Reference Allowed for Investor Protection.

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                          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.
                                The circular issued by SEBI on April 24, 2024, addresses the ease of doing business by amending the requirement of publishing 'fit and proper' status on contract notes. The relaxation, u/s 11(1) of the SEBI Act, eliminates the need to include the text of Regulation 19 of the SCR(SECC) Regulations, 2018 on contract notes. Instead, a reference to the applicable regulation must be made by mentioning the URL/weblink. Stock Exchanges must amend bye-laws, rules, and regulations accordingly and inform members about the changes. This action aims to streamline processes and protect investors' interests in the securities market.
                                Note: It is a system-generated summary and is for quick reference only.
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