https://www.taxtmi.com/circulars?id=58324 Permits introduction of Liquidity Enhancement Schemes in the Equity Cash market for securities meeting specified mean impact cost or "permitted to trade" criteria; LES remain until mean impact cost falls below the threshold, require 15 days' notice for discontinuation, and may be adopted by other exchanges only for the initiating period. Exchanges must secure Board approval, monitor LES quarterly, define liquidity enhancer obligations, ensure transparency and compliance, disclose schemes and monthly outcomes, limit incentive forms and aggregate incentives under prescribed caps, and implement anti collusion and self matching safeguards. en-us Fri, 08 Feb 2013 00:00:00 +0530 Fri, 14 Dec 2018 18:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58324 Permits introduction of Liquidity Enhancement Schemes in the Equity Cash market for securities meeting specified mean impact cost or "permitted to trade" criteria; LES remain until mean impact cost falls below the threshold, require 15 days' notice for discontinuation, and may be adopted by other exchanges only for the initiating period. Exchanges must secure Board approval, monitor LES quarterly, define liquidity enhancer obligations, ensure transparency and compliance, disclose schemes and monthly outcomes, limit incentive forms and aggregate incentives under prescribed caps, and implement anti collusion and self matching safeguards. Circulars SEBI Fri, 08 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58324