Sebi has introduced a one-time settlement scheme for brokers involved in the NSEL scam, offering a capped penalty and optional debarment in exchange for resolving regulatory violations. The move aims to expedite enforcement, reduce litigation, and ease compliance burden, though brokers facing criminal charges or exchange defaults are excluded from the scheme.
Sebi permits use of mutual funds for IAs, RAs deposit compliance
Sebi has allowed investment advisers and research analysts to use liquid mutual funds and overnight mutual funds for meeting their mandatory deposit requirements, providing an