Transparent telegram logo8/23/2023 “This will mitigate credit risk on intermediaries and risk of potential misuse of clients’ funds,” SEBI chairperson Madhabi Puri Buch said at a press conference after a meeting of the regulator’s board. ![]() The markets regulator has also made it mandatory for upstreaming of clients’ funds by stock brokers and clearing members to Clearing Corporations, a move aimed at protecting retail investors’ funds in the secondary market. And in the case of the top 250 listed entities by market capitalisation, the deadline to adhere to this norm would be April 2024. This would come into effect from October 1, 2023. To bring more transparency and to ensure timely disclosure of material events or information by listed entities, the SEBI board made it mandatory for the top 100 listed companies by market capitalisation to verify, confirm or deny or clarify any market rumours. The Securities & Exchange Board of India (SEBI) on Wednesday moved to improve the disclosure norms and enhance transparency by mandating that large listed companies must confirm or deny price-sensitive market rumours, and in the case of material board decisions disclose the same to the stock exchanges within 30 minutes.
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