Under this, the regulator has proposed to clearly codify the right to a hearing, refine the scope of disqualifying events, and reduce regulatory uncertainty for applicants and intermediaries.
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SEBI recommends overhaul to 'fit and proper person' criteria for market intermediaries
SEBI is looking to explicitly include the right to a hearing in the regulations. Although the practice of giving a reasonable opportunity of being heard already exists, it has been proposed to be ...
https://www.thehindubusinessline.com/markets/sebi-mulls-overhaul-of-fit-and-proper-person-framework-governing-market-intermediaries/article70591146.ece Copy Markets ...
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