SEBI notifies settlement rules separating payments from recovery
In short
SEBI has notified settlement rules that separate settlement payments from the recovery of wrongful gains. The framework uses stage-based calculations and gives people 60 days to settle cases before a show-cause notice.
This matters for market participants facing enforcement action because the payment rules are now clearer. The report does not say when the rules start or how broadly they will apply.
What the reporting says
SEBI's settlement framework distinguishes settlement payments from recovery of wrongful gains, according to BusinessLine's summary of the gazette-notified rules. The framework also uses stage-based calculations and gives a 60-day window to settle cases before a show-cause notice. The reporting does not state when the rules take effect or how many cases they will cover.
Why it matters
SEBI has notified a settlement framework that distinguishes settlement payments from recovery of wrongful gains, according to BusinessLine's summary. The rules also use stage-based calculations and provide a 60-day window for settling cases before a show-cause notice. The reporting does not state the effective date, affected case counts, or any immediate enforcement outcome.