10
Oct
#SEBI #EaseOfDoingBusiness #StockBrokers #TradingMembers #RegulatoryReform #CapitalMarkets #ComplianceSimplification #FinancialMarkets #StockExchanges #ANMI #BBF #CPAI #MarketRegulation #InvestorProtection Chandigarh: Stockbrokers have membership in multiple exchanges, and each exchange follows its own framework for taking penal actions for the violations / non-compliances identified by them. Differential penalty structure across exchanges has often resulted in inconsistencies, regulatory arbitrage for stockbrokers. In order to enhance ease of doing business / compliance, transparency and to standardize penalty structure, Securities and Exchange Board of India (SEBI) constituted a Working Group with the mandate to review, harmonize, and streamline the penalty framework applicable across all stock exchanges. The Working Group…