The Securities and Exchange Board of India (SEBI) on June 28, 2024, issued the Securities and Exchange Board of India (Stock Brokers) (Amendment) Regulations, 2024, to further amend the Securities and Exchange Board of India (Stock Brokers) Regulations, 1992.
The following has been stated namely: -
• Chapter IVA has been inserted namely: -
“Institutional Mechanism for Prevention and Detection of Fraud or Market Abuse”
The chapter includes the following regulations: -
o 18E – Definitions
o 18F – Systems for surveillance of trading activities and internal controls
o 18G – Obligations of the stock broker and its employees
o 18H – Escalation and reporting mechanisms
o 18I – Whistle blower policy
[Notification No. SEBI/LAD-NRO/GN/2024/186]
