SEBI notifies new settlement rule with revised terms
In short
SEBI has notified a new settlement rule for securities cases. The reported framework includes the settlement amount, disgorgement of wrongful gains where needed, and remedial and regulatory terms.
This matters for investors and market participants because it changes how cases may be settled. The reporting does not say when it starts or which cases will be covered.
What the reporting says
SEBI notified a new settlement rule for securities-market proceedings, with the framework said to include the settlement amount, disgorgement of wrongful gains where applicable, and remedial and regulatory terms. The publisher-supplied summary says these were earlier called non-monetary terms, but no further official detail is provided. The immediate effect, timeline and any affected cases are not stated in the available reporting.
Why it matters
SEBI notified a new settlement framework for securities-market proceedings, according to the available summary. The reported terms include the settlement amount, disgorgement of wrongful gains where applicable, and remedial and regulatory terms. The sources do not state which specific matters will use the rule, when it takes effect, or whether any pending cases are immediately affected.