SEBI Mandates Brokers to Set Up Institutional Mechanism to Tackle Fraud and Market Abuse
- Blog|News|Company Law|
- < 1 minute
- By Chetan Kulasri
- |
- Last Updated on 6 July, 2024
Latest from Taxmann
Circular No. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2024/96, Dated 04.07.2024
SEBI (Stock Brokers) (Amendment) Regulations, 2024 requires stock brokers to put in place an institutional mechanism for prevention and detection of fraud or market abuse. Now, SEBI has directed the Stockbrokers to put in place an institutional mechanism to help prevent and detect fraud or market abuse so that the system can instil confidence in the securities market. This circular shall come into force in a risk-based, staggered manner, based on broker’s size, for making necessary changes.
Click Here To Read The Full Circular
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
CA | CS | CMA
