SEBI Public Notice: Extension of the Settlement Scheme 2020

1.Vide public notice dated July 27, 2020, SEBI has introduced the Settlement Scheme (“the Scheme”) which proposes to provide a onetime settlement opportunity to those entities that have executed trade reversals in the stock options segment of BSE during the period from April 01, 2014 to September 30, 2015 and against whom enforcement proceedings have been approved by SEBI.

2.Theperiod of the Scheme commenced on August 01, 2020 and was to end on October 31, 2020.

3.In view of the large scale disruption caused by the Covid-19 pandemic, many representations were received by SEBI, seeking extension of the period of the Scheme.

4.Upon consideration of the same, the competent authority has approved the extension of the period of the Scheme till December 31, 2020.

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