SEBI Penalty Rationalisation for Stock Brokers Near Final
Why in the news
A sub-committee sent proposals to SEBI, and Chairman Tuhin Kanta Pandey met broker representatives about fairer enforcement.
| Theme | Proposal |
|---|---|
| Severity | Technical lapses separated from wilful breaches |
| Single enforcer | Avoids duplicate penalties across exchanges |
| Terminology | Drop ‘penalty’ for procedural lapses, avoiding client panic |
Other steps
- Common compliance portal to cut duplicated reporting.
- Dedicated approval portal for broker advertisements and registrations.
Exam angle
- Regulator: SEBI; Chairman: Tuhin Kanta Pandey.