SEBI Issues Corrigendum on SOP for MIIs Regarding Payment of “Financial Disincentives” Due to Technical Glitches
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- Last Updated on 16 October, 2024
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Circular No. SEBI/HO/MRD/TPD-1/P/CIR/2024/138, Dated: 14.10.2024
SEBI has issued a corrigendum to the Circular on Ease of Doing Business regarding the Standard Operating Procedure (SOP) for payment of “Financial Disincentives” by MIIs due to technical glitches. The corrigendum includes references to relevant sections of the Master Circular for Commodity Derivatives Segment dated 04.08.2023. Further, it also mandates MIIs to investigate technical glitches, and take appropriate action, with SEBI retaining the right to initiate enforcement if necessary.
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