SEBI Proposes Framework to Eliminate Duplicate Fines Across Exchanges

The Securities and Exchange Board of India (SEBI) has proposed a new framework to prevent the imposition of duplicate fines for the same violation across different stock exchanges.

The initiative aims to streamline regulatory compliance and reduce the financial burden on market participants who currently face multiple penalties for single infractions.

Market stakeholders have until the end of the month to provide feedback on the draft proposal before it is finalized for implementation.