Regulatory Alerts2024-09-23
Master Circular on Surveillance of Securities Market
The Securities and Exchange Board of India (SEBI) issued this Master Circular to consolidate all existing provisions regarding the effective surveillance of the securities market into a single document. It mandates that stock exchanges enforce Trade for Trade segments for specific corporate actions and requires market intermediaries to implement strict internal controls to prevent the circulation of unauthenticated news. Additionally, the circular introduces automated system-driven disclosures for insider trading and establishes a framework for freezing the PANs of designated persons to enforce trading window closures.
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