Review, Appeal or Waiver of penalty requests emanating out of actions taken by the Member Committee

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....Sir/Madam, Subject: Review, Appeal or Waiver of penalty requests emanating out of actions taken by the Member Committee 1. The Terms of Reference (ToR) of Statutory Committees of Stock Exchanges, Clearing Corporations and Depositories (collectively referred as Market Infrastructure Institutions (MIIs)) have been prescribed under Paragraph 2.2.2 of Chapter 6 of SEBI Master Circular No. SEBI/H....

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....ed against actions taken by the Internal Committee (IC) of the Member Committee (MC), or against actions taken by the MII as per pre-approved policy on regulatory action shall be placed before the MC for its consideration. 3.2. Any request for review, appeal or waiver of penalty filed against actions taken by the MC from the date of implementation of this circular shall be handled by a mechanis....

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..... make necessary amendments to the relevant byelaws, rules and regulations, wherever required, for the implementation of the above; and. 5.3. bring the provisions of this circular to the notice of the market participants (including investors) and disseminate the same on their website. 6. This circular is issued in exercise of the powers conferred under section 11(1) of the Securities and Exc....