The Securities and Exchange Board of India, (SEBI) on May 08, 2024, issued an extension of the ISO Settlement Scheme, 2024.
SEBI introduced the ISO Settlement Scheme, 2024 on March 10, 2024, under Regulation 26 of SEBI (Settlement Proceedings) Regulations, 2018. The scheme offers a settlement opportunity to entities involved in trade reversals in the stock options segment of BSE between April 1, 2014, and September 30, 2015, against whom adjudication proceedings are pending.
The settlement period started on March 11, 2024, and was initially set to conclude on May 10, 2024. However, due to a significant surge in interest from entities seeking to avail the Scheme in the final days, the competent authority has decided to extend the Scheme's period until June 10, 2024.
