Introducing the βIn Favour Ofβ filter in Case Laws.
- βοΈ Instantly identify judgments decided in favour of the Assessee, Revenue, or Appellant
- π Narrow down results with higher precision
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Introducing the βIn Favour Ofβ filter in Case Laws.
Try it now in Case Laws β


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SEBI issued a circular on 'Financial Disincentives for Surveillance Related Lapses' at Market Infrastructure Institutions (MIIs). MIIs play a crucial role in market integrity. SEBI can take action u/s SEBI Act, 1992 for contraventions. Surveillance is a core function of MIIs to detect market abuse. The framework introduces financial disincentives for Surveillance Related Lapses based on MII revenue and instances of lapses. SEBI will provide an opportunity for submissions before imposing disincentives. MIIs must credit the disincentives to SEBI-IPEF. Disclosure requirements are specified. The framework excludes matters with market-wide impact or affecting market integrity. It does not apply to minor procedural lapses. Effective from July 1, 2024, the framework does not limit SEBI's other enforcement actions.