Reward for informants enabled from investor protection fund to incentivise original information leading to recoveries. Regulation 5 is amended to allow payments from the Investor Protection and Education Fund as rewards to informants who provide original information that leads to recovery of amounts directed to be disgorged, with such rewards to be granted and paid under guidelines issued by the Board; the Fund's utilisation provisions are revised to permit use for restitution or reward linked to recoveries.
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.
Reward for informants enabled from investor protection fund to incentivise original information leading to recoveries.
Regulation 5 is amended to allow payments from the Investor Protection and Education Fund as rewards to informants who provide original information that leads to recovery of amounts directed to be disgorged, with such rewards to be granted and paid under guidelines issued by the Board; the Fund's utilisation provisions are revised to permit use for restitution or reward linked to recoveries.
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