The Securities and Exchange Board of India vide its notification dated 22nd May 2020 has extended the regulatory measures which were issued earlier to tackle market volatility amid coronavirus pandemic till 25th June 2020.
The measures were taken by the SEBI to ensure orderly trading, settlement and effective risk management amid coronavirus crisis. Earlier these steps were in place for a month, subsequently, the deadline of these measures was extended till May 28 and now it has been further extended.
As the stock markets (both domestic and global) are expected to be volatile in the near future, keeping in view the objective of ensuring orderly trading and settlement, effective risk management, price discovery and maintenance of market integrity, it has been decided that the measures implemented since March 23, 2020, will continue to be in force till June 25, 2020.
Click here to read the Notification.