SEBI Proposes New Framework To Eliminate Duplicate Exchange Fines
· Business · Moneycontrol
The Securities and Exchange Board of India is developing a new framework to prevent the imposition of duplicate fines for the same regulatory violation across multiple stock exchanges. Currently, market participants may face separate penalties from different exchanges for a single non-compliance event. The proposed system aims to streamline enforcement and ensure consistency in how market infractions are handled. This initiative follows feedback from market intermediaries regarding the burden of multiple penalties for identical lapses. The regulator is working to establish a unified approach to ensure that a single violation results in a single, proportionate fine.
Why it matters
This move will reduce the compliance burden and financial costs for brokers and market participants who currently face redundant penalties for the same regulatory breach.
Read the original report — Moneycontrol
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