The Bombay Stock Exchange (BSE) on April 30, 2024, notified the Master Circular – Surveillance (Equity Segment).
The following has been stated: -
•Exchange periodically consolidates circulars issued by the department over the period of time to provide one single document to refer to various policy and operational matters. This circular is the consolidation of all the previous circulars issued by the Surveillance department in the Equity Segment.
•It is clarified that, “Notwithstanding any rescission,
A. Anything done or any action taken or purported to have been done or contemplated under the rescinded guidelines before the commencement of this Master Circular shall be deemed to have been done or taken or commenced or contemplated under the corresponding provisions of the Master Circular or rescinded guidelines whichever is applicable.
B. The previous operation of the rescinded guidelines or anything duly done or suffered thereunder, any right, privilege, obligation, or liability acquired, accrued, or incurred under the rescinded guidelines, any penalty, incurred in respect of any violation committed against the rescinded guidelines, or any investigation, legal proceeding or remedy in respect of any such right, privilege, obligation, liability, penalty as aforesaid, shall remain unaffected as if the rescinded guidelines have never been rescinded.”
[Notice No. 20240430-55]
