Securities and Change Board of India (Sebi) on Friday relaxed guidelines governing monetary disincentives imposed by the regulator on Market Infrastructure Establishments (MIIs) and people for omissions and commissions resulting in technical glitches.
In a round issued on Friday, Sebi restricted the imposition of current monetary disincentives to MIIs solely. Any more, it is going to additionally present a chance to the involved MII to make its submission in respect of glitch earlier than imposing any monetary disincentive as per the present framework.
The market watchdog has additionally eliminated Managing Director (MD) and Chief Know-how Officer (CTO) out of the purview of monetary disincentives.Extra to return…
