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 Eases Penalties for Tech Glitches, Limits Liability to MIIs
Sebi has eased financial penalties for technical glitches in market infrastructure institutions (MIIs), limiting liability to the MIIs instead of their MDs or CTOs. The new framework aims to promote ease of doing business for MIIs.
Ease of Doing Business: SOP for MIIs’ Financial Disincentives Due to Technical Glitches
2.3 SEBI on identification of the Technical Glitch resulting into Financial Disincentive to the MIIs, or upon receipt of the information of any such instance shall provide an opportunity to the concerned MIIs to make their submissions in respect of the facts of the case.
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 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.
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SEBI Mandates Near-Zero Data Loss, Enhanced Recovery Standards For MIIs
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SEBI Circular For MIIs: Zerodha May Discontinue Zero Brokerage Structure
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Blow to discount brokers like Zerodha as SEBI bats for uniform charges by MIIs; how will you be impacted?
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SEBI Updates Guidelines for Business Continuity & Disaster Recovery for MIIs
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