SEBI Amends Stock Brokers Regulations | Introduces a New Chapter on ‘Mechanism for Prevention & Detection of Fraud’
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- Last Updated on 2 July, 2024
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Notification No. SEBI/LAD-NRO/GN/2024/186, Dated: 27.06.2024
SEBI has notified an amendment to SEBI (Stock Brokers) Regulations, 1992. A new Chapter IVA relating to ‘Institutional Mechanism for Prevention and Detection of Fraud or Market Abuse’, has been introduced. As per amended norms, KMP and senior management of stock broker must put in place adequate systems for surveillance of trading activities & internal control systems to ensure compliance with all regulatory norms for the detection, prevention & reporting of potential fraud or market abuse.
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