SEBI constituted a Committee on Fair Market Conduct in August, 2017 under the Chairmanship of Shri T.K. Viswanathan, Ex-Secretary General, Lok Sabha and Ex- Law Secretary. The Committee was mandated to review the existing legal framework to deal with market abuse to ensure fair market conduct in the securities market. The Committee was also mandated to review the surveillance, investigation and enforcement mechanisms being undertaken by SEBI to make them more effective in protecting market integrity and the interest of investors from market abuse. The Committee comprised of representatives of law firms, mutual funds, brokers, forensic auditing firms, stock exchanges, chambers of commerce, data analytics firms and SEBI.
The committee has submitted its report to SEBI on August 08, 2018 wherein it has recommended amendments to SEBI Act,1992, SEBI (Prohibition of Insider Trading) Regulations, 2015 and SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Markets) Regulations, 2003. A copy of the report is placed on the SEBI website at the following link:
/reports/reports/aug-2018/report-of-committee-on-fair-market-conduct-for-public-comments_39884.html
Comments from public are invited on the recommendations contained in the aforesaid report in the following format:
Comments may be sent by email to Ms. Maninder Cheema, General Manager at maninderc@sebi.gov.in and Mr. Nitesh Bhati, Assistant General Manager at niteshb@sebi.gov.in latest by August 24, 2018.