Stock Exchanges may deviate from fines prescribed by SEBI for non-compliance of SEBI (ICDR) Regulations

LegalitySimplified

The Securities Exchange Board of India vide circular dated November 23, 2021 has allowed the Stock Exchanges to deviate from fines prescribed by SEBI to be imposed for non-compliance with certain provisions of SEBI (ICDR) Regulations, 2018.

Such deviation is permitted, wherever the interest of the investors are not adversely affected, if found necessary, after recording reasons in writing.

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