Notification No. SEBI/LAD-NRO/GN/2024/202, Dated: 26.08.2024
SEBI has notified the Securities Contracts (Regulation) (Stock Exchange and Clearing Corporations) (Fourth Amendment) Regulations, 2024. A new chapter, VIA, regarding restrictions on dealing with unregulated entities has been introduced. It states that no recognised stock exchange or clearing corporation or their agent must have any association with another person who provides advice or any recommendation regarding security unless the person is registered with or permitted by the Board.
Further, no claim of returns or performance, whether express or implied, in respect of or related to a security or securities must be made unless the Board has permitted the person to make such a claim.
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