SEBI introduces regulations for public consultation on review of norms
This story was originally published at 06:00 IST on 19 December 2024
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NEW DELHI – The board of the Securities and Exchange Board of India Wednesday approved the introduction of new regulations on the procedure for making, amending, and reviewing regulations by SEBI. The new regulations require SEBI to give at least 21 days for public feedback to suggested changes in any policy through consultation papers.
SEBI will also have to disclose to the public the rationale for acceptance or non-acceptance of public feedback. It will, however, allow SEBI to issue more regulations or changes in exigency without public consultation. But it will have to apprise the board of cases where it skips the 21-day minimum period for public consultation. End
Reported by Rajesh Gajra
Edited by Akul Nishant Akhoury
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