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Need mechanism to tackle fraud, market abuse
The New Indian Express
|July 05, 2024
MARKETS watchdog Sebi has asked stockbrokers to put in place an institutional mechanism by August 1, to help prevent and detect frauds or market abuse so that the system can instill confidence in the securities market.
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In a new circular amending the extant master circular, invoking the provisions of Chapter IVA of Sebi (stock brokers) (Amendment) Regulations, 2024, the Securities and Exchange Board (Sebi) on Thursday said the new mechanism should be in place by August 1 for qualified stock brokers.
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