SEBI Overhauls Settlement Framework; Supreme Court Settles NSE Dispute
- Reports
- 4
- Developments
- 4
- Repetition
- 75%
New informationRepeats or wire copies
What happened
The Securities and Exchange Board of India proposed a revamp of its settlement framework, which includes allowing applicants to seek settlement at the appellate stage before the Securities Appellate Tribunal and the Supreme Court. Separately, the Supreme Court disposed of SEBI’s appeals against the National Stock Exchange after the parties reached a settlement of ₹1,491.21 crore. Additionally, SEBI launched a fourth settlement scheme for illiquid stock options cases, with amounts linked to the number of contracts involved.
From moneycontrol.com, thehindubusinessline.com, business-standard.com
Why it matters
The proposed settlement framework overhaul aims to reduce litigation by providing an alternative mode of resolution for pending regulatory proceedings. The Supreme Court’s disposal of the decade-long litigation involving the National Stock Exchange removes a major regulatory overhang for the stock exchange’s public listing.
Regulatory bodies and stock exchanges in India are involved in legal disputes and appeals before the Supreme Court.
Who's involved
- Securities and Exchange Board of IndiaMarket regulator proposing framework changes and launching settlement schemes.
- SATTribunal where SEBI's regulatory decisions are formally reviewed and appealed.
- supreme courtUltimate appellate body reviewing regulatory disputes originating from SEBI.
Possible ripples
Who this could reach next, traced step by step from the reporting. Possibilities worth considering, not forecasts.- CTS may face changes to regulatory dispute resolution costsCTS may face changes to regulatory dispute resolution costsPossible
- New SEBI framework could simplify regulatory disputes for Jio PlatformsJio Platforms may benefit from new regulatory dispute resolution optionsPossible
- SEBI's new settlement framework may require RBI coordinationThe Reserve Bank of India may need to coordinate with SEBI on new settlement rulesPossible
- Zerodha may adapt to SEBI's new settlement and appeal rulesZerodha may face changes in compliance costs due to SEBI's settlement framework overhaulPossible
How it developed
Newest first. Tap a step to see who reported it.- SEBI has gained the power to call records before an SAT appeal.Sub-event
- SAT directed a deposit in favor of the Securities and Exchange Board of India.Sub-event
- SEBI proposals have been released detailing how the final appeal venue will be affected.Sub-event
Regulatory bodies introduce appellate stages for settlement and ultimate disputes.1 source
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The entities involved
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Securities and Exchange Board of India
registration authority
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SAT
Czech company
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supreme court
highest court in a jurisdiction
Related events
- SEBI is investigating issues concerning the new Closing Auction System (CAS) rollout, involving large stockbrokers.
- Supreme Court upheld a Bombay High Court decision involving the Reserve Bank of India and a bank.
- The supreme court is handling appeals originating from the jurisdiction of Delhi.
- HDFC Securities is monitoring market depth in the CAS, while SEBI works to improve overall participation in the system.
- Regulator pauses the rollout of the Closing Auction System (CAS) in equity derivatives.