Regulatory directions protect investors through refunds, market-access restrictions, trading controls, and pre- or post-interim hearing safeguards. Regulation 35 authorises the Board to issue directions to protect the securities market or investors and secure proper intermediary management. Directions ... Summary
Securities and Exchange Board of India (Intermediaries) Regulations, 2008
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Regulatory directions protect investors through refunds, market-access restrictions, trading controls, and pre- or post-interim hearing safeguards.
Regulation 35 authorises the Board to issue directions to protect the securities market or investors and secure proper intermediary management. Directions may require refunds of investor money or securities, restrict market access or securities dealings, prohibit association with intermediaries, and prevent or suspend trading in specified securities or fund units. A reasonable hearing is ordinarily required before directions are issued, but may follow promptly after an immediate interim direction.
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