SEBI Relaxes Lock-in for Promoters Stake to 18 Months from 3 years for IPO or FPO moneylife.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneylife.in Daily Mail and Mail on Sunday newspapers.
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SEBI calls for mechanism to prevent market abuse
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MIIs told to formulate code of conduct
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MIIs told to formulate code of conduct
SEBI on Wednesday asked stock exchanges, clearing corporations and depositories to put in place a code of conduct and institutional mechanism to prevent fraud or market abuse by them and their designated persons.
Under this, the managing director (MD) or chief executive officer (CEO) of market infrastructure institutions (MIIs) will be obligated to frame a code of conduct and put in place an institutional mechanism. Further, the board of directors needs to ensure compliance by the MD/CEO in this regard. MIIs will have to formulate a code of conduct to regulate, monitor and report trading by their designated persons and immediate relative of designated persons towards achieving compliance with the prohibition of insider trading regulations.
In a bid to curb negative pricing and strengthen the risk management framework, SEBI has decided to impose pre-expiry margins on cash settled contracts wherein the underlying commodity is deemed susceptible to reach the level of near zero or .
SEBI tightens margin on cash-settled contracts - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.