image

SEBI seeks comments on Report submitted by the Committee on Fair Market Conduct

Securities Exchange Board of India

Press Release

Aug 09, 2018

PR No.: 33/2018

SEBI constituted a Committee on Fair Market Conduct in August, 2017 under the Chairmanship of Shri T.K. Viswanathan, Ex-Secretary General, Lok Sabha and Ex- Law Secretary. The Committee was mandated to review the existing legal framework to deal with market abuse to ensure fair market conduct in the securities market. The Committee was also mandated to review the surveillance, investigation and enforcement mechanisms being undertaken by SEBI to make them more effective in protecting market integrity and the interest of investors from market abuse. The Committee comprised of representatives of law firms, mutual funds, brokers, forensic auditing firms, stock exchanges, chambers of commerce, data analytics firms and SEBI.

The committee has submitted its reportto SEBI on August 08, 2018 wherein it has recommended amendments to SEBI Act,1992, SEBI (Prohibition of Insider Trading) Regulations, 2015 and SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to SecuritiesMarkets) Regulations, 2003.  A copy ofthe report is placed on the SEBI website at the following link:

 https://www.sebi.gov.in/reports/reports/aug-2018/report-of-committee-on-fair-market-conduct-for-public-comments_39884.html 

Comments from public are invited on therecommendations contained in the aforesaid report in the following format:

Chapter and sub-heading to which the comment pertains Recommendations of Committee Suggestions / Comments Rationale for Suggestions / Comments

Comments may be sent by email to Ms. Maninder Cheema, General Manager at maninderc@sebi.gov.in and Mr. Nitesh Bhati, Assistant General Manager at niteshb@sebi.gov.in latest by August 24, 2018. 

profile image

About eMinds Legal

eMinds Legal

eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.

Corporate Law Referencer

Recent Articles

Recent Legal updates

Recent Gst Updates