Regulatory Alerts2024-07-09
Master Circular on Surveillance of Securities Market
The Securities and Exchange Board of India (SEBI) has issued a consolidated Master Circular to streamline and enforce surveillance mechanisms across the securities market. The directive mandates Trade for Trade segment trading for specific corporate actions, requires market intermediaries to implement strict internal controls and compliance officer approvals to prevent the circulation of unverified news, and standardizes reporting formats for insider trading violations. It further automates continual disclosures under the Prohibition of Insider Trading Regulations and introduces a system-driven framework to freeze designated persons' PANs at the security level during mandatory trading window closures.
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