https://www.taxtmi.com/notifications?id=127585 The amendment narrows the settlement bar in regulation 5(2)(b) by specifying that only serious defaults-those with market wide impact, causing substantial investor losses, or affecting investor rights-are disqualified. Applications may still be considered if the applicant intends to make good investor losses and gives a written admission of the charge for the purpose of settlement. Seriousness is assessed by reference to the default's nature, the applicant's role, evidence weight, cooperation, referrals to investigative authorities, and potential systemic risk to financial institutions; market wide impact and investor rights effects are further defined. en-us Fri, 26 Aug 2016 00:00:00 +0530 Mon, 31 Dec 2018 16:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=127585 The amendment narrows the settlement bar in regulation 5(2)(b) by specifying that only serious defaults-those with market wide impact, causing substantial investor losses, or affecting investor rights-are disqualified. Applications may still be considered if the applicant intends to make good investor losses and gives a written admission of the charge for the purpose of settlement. Seriousness is assessed by reference to the default's nature, the applicant's role, evidence weight, cooperation, referrals to investigative authorities, and potential systemic risk to financial institutions; market wide impact and investor rights effects are further defined. Notifications SEBI Fri, 26 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/notifications?id=127585