SEBI requires stock exchanges, clearing corps and depositories to formulate code and mechanism to prevent fraud

SEBI requires formulation of Code of Conduct and Institutional Mechanism for prevention of fraud or market abuse by all recognized Stock Exchanges, Clearing Corporations and Depositories. As a result, Managing Director (MD) / Chief Executive Officer (CEO) of the Stock Exchanges, CCs and Depositories shall be obligated to frame the referred code of conduct and institutional mechanism to prevent fraud or market abuse.SEBI requires formulation of Code of Conduct and Institutional Mechanism for prevention of fraud or market abuse by all recognized Stock Exchanges, Clearing Corporations and Depositories. As a result, Managing Director (MD) / Chief Executive Officer (CEO) of the Stock Exchanges, CCs and Depositories shall be obligated to frame the referred code of conduct and institutional mechanism to prevent fraud or market abuse.taxmann.com Latest Statutory HappeningsRead More

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