SEBI proposes cutting settlement amounts for market violations by half under new framework
Cnbctv18
SEBI proposes halving settlement amounts for market violations, linking them to statutory penalties and introducing a fast‑track route.Summary
SEBI is overhauling its framework for settling securities law violations. The new proposal ties settlement amounts to statutory minimum penalties and considers factors such as the stage of proceedings, prior regulatory action, gravity of the violation, and mitigating circumstances. Under the draft, average settlements would be about four times the penalty, down from eight times, and a fast‑track route would apply to cases up to ₹1 million. Applicants rejected can reapply later, possibly paying a 20% higher
(Source：Cnbctv18)