The Bombay Stock Exchange (BSE) on May 21, 2024, issued the notification regarding the Industry Standards Note on verification of market rumours.
The following has been stated namely: -
• The Industry note has been published to facilitate the uniform approach and assist listed entities in complying with their obligations in respect of confirmation/denial/clarification of market rumours and set out standard operating procedures for compliance with the Rumour Verification Requirement.
• Any addition/modification/alteration to this Industry Standards Note shall be made only in consultation with SEBI.
• The listed entities shall follow this Industry Standards Note to ensure compliance with the Rumour Verification Requirement.
[Notification No. 20240521-53]
