Sebi rationalises stock brokers penalty framework to enhance EoDB, compliance

In a significant step towards enhancing ease of doing business and compliance, markets regulator Sebi on Friday rationalised the penalty framework for stock brokers.

- PTI

As a part of the rationalisation, the regulator has reduced the number of penalties levied on stock brokers by exchanges to 90 from 235.

In the first phase, a total of 235 existing penalty items have been reviewed. Of these, 40 penalties have been removed, and 105 minor procedural lapses have been termed as ‘financial disincentive’. This has left it with 90 penalties, according to a statement issued by Sebi.