The Securities and Exchange Board of India (SEBI) on July 03, 2023, published the Securities and Exchange Board of India (Ombudsman) (Repeal) Regulations, 2023 to further repeal the Securities and Exchange Board of India (Ombudsman) Regulations, 2003
This shall come into force on July 03, 2023
The following has been state namely: -
•It states that from the commencement of these regulations, the Securities and Exchange Board of India (Ombudsman) Regulations, 2003 shall stand repealed.
• It further states that the repeal of the Securities and Exchange Board of India (Ombudsman) Regulations, 2003 shall not affect the following namely: -
(i) the previous operation of the said regulations or anything done or omitted to be done or suffered therein
(ii) any right, privilege, obligation, or liability acquired or accrued or incurred under the said regulations
(iii) any penalty or punishment incurred in respect of any contravention or offense committed under the said regulations.
(iv) any investigation, legal proceedings, or remedy in respect of any such right, privilege, obligation, liability, penalty, or punishment as aforesaid.
(v) Any such investigation, legal proceeding, or remedy may be instituted, continued, or enforced and any such penalty or punishment may be imposed as if the Securities and Exchange Board of India (Ombudsman) Regulations, 2003 had not been repealed.
[Notification No. SEBI/LAD–NRO/GN/2023/138]
