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<h1>SEBI Amends Investor Protection Regulations: New Clauses on Disgorged Amounts and Restitution Time Limits.</h1> The Securities and Exchange Board of India (SEBI) issued the Second Amendment to the Investor Protection and Education Fund Regulations, 2023, effective upon publication in the Official Gazette. The amendment modifies the 2009 regulations by renumbering clauses and adding new clauses regarding the transfer of monies under specific SEBI regulations. It revises regulation 5, sub-regulation (3), to specify the utilization of disgorged amounts for restitution to investors or rewarding informants, and the refund of transferred amounts to entities upon payment to eligible investors. Claims for restitution from disgorged amounts are inadmissible after seven years from the claim invitation date.