Sebi eases financial penalty framework for technical glitches, limits liability to MIIs
Easing penal actions for technical glitches, Sebi on Friday said financial penalties will be imposed solely on the market infrastructure institutions (MIIs), rather than their Managing Directors (MDs)
SEBI eases automatic penalty norms for MD, CTOs for tech glitches
MIIs have been asked to disclose on their websites (and in their respective annual reports) the details of financial disincentive on account of technical glitches.
SEBI eases penalties for technical glitches, shifts focus to Market Infrastructure Institutions
The Securities and Exchange Board of India ( SEBI ) announced on Friday that financial penalties for technical glitches will now be imposed solely on Market Infrastructure Institutions (MIIs), such as stock exchanges,
SEBI Eases Penalty Guidelines, Targeting MIIs Instead Of Individual Executives For Tech Failures
MIIs and their MDs and CTOs faced automatic financial penalties for technical glitches if certain criteria were not met.
Sebi Eases Penal Actions for Technical Glitches in MIIs
Sebi has announced that financial penalties for technical glitches in Market Infrastructure Institutions (MIIs) will be imposed only on MIIs, not their MDs or CTOs. MIIs will also have the opportunity to explain the cause of glitches before penalties are enforced.
Sebi removes automatic disincentive for MDs, CTOs of MIIs in case of tech glitch
The market regulator said that the imposition of the disincentive will be restricted to the MII and will not extend to its senior management personnel automatically
Sebi asks exchanges, market infra institutions to ensure minimal data loss
Markets regulator Sebi on Thursday asked stock exchanges and other market infrastructure institutions (MIIs) to ensure that the Recovery Point Objective (RPO) -- the maximum period for which data loss is tolerable due to a technical glitch or disruptions -- is near zero.
Sebi relaxes financial disincentives norms for technical glitches, restricts it to Market Infrastructure Institutions
Securities and Exchange Board of India (Sebi) on Friday relaxed rules governing financial disincentives imposed by the regulator on Market Infrastructure Institutions (MIIs) and individuals for omissions and commissions leading to technical glitches.
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