SEBI Proposes Amendments To Handle Securities Law Violations By Intermediaries Through Summary Proceedings

SEBI has proposed amendments to streamline procedures for handling securities law violations by intermediaries through summary proceedings. The amendments aim to expedite the adjudication process and enhance enforcement efficiency. Key changes include empowering SEBI to directly impose penalties and stricter timelines for responding to show cause notices. These measures intend to strengthen regulatory oversight and ensure quicker resolution of violations in the securities market.