SEBI starts issuing Master Circular on Surveillance of Securities Market

SEBI - Master Circular - Surveillance of Securities Market - Taxscan

The Securities Exchange Board of India (SEBI) has started issuing Master Circular on surveillance of the Securities market.

SEBI from time to time, has been issuing various circulars for effective surveillance of the securities market. With this new Master Circular, users will be able to access all the applicable circulars at one place. This Master Circular will be a compilation of the circulars issued by Integrated Surveillance Department, which are operational as on date of this circular. The list of applicable Circulars has also been appended. In case of any inconsistency between the Master Circular and the applicable circulars, the content of the relevant circular shall prevail.

The Master Circular contains contents such as the trading rules and shareholding in a dematerialized mode which is adopted in order to moderate sharp and destabilizing price movements in shares of companies and to encourage better price discovery and to increase transparency in securities market. It also contains a proper code of conduct in the view of rise in unauthenticated news circulated by SEBI Registered Market Intermediaries through various modes of communication.

This Master Circular is available on the SEBI website at https://www.sebi.gov.in/ under the category “Legal, Master Circulars”.

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