Govt said to accept tweaks to SMC draft
Synopsis The government has accepted significant changes to the proposed Securities Markets Code. Investigation timelines will be extended to one year. Depositories will gain powers
Synopsis The government has accepted significant changes to the proposed Securities Markets Code. Investigation timelines will be extended to one year. Depositories will gain powers to correct records. The Centre's authority to supersede market infrastructure institution boards will now require Sebi's recommendation. These revisions follow stakeholder consultations and aim to strengthen market regulation.
The BriefWire