Saturday, April 3, 2010

SEBI asks stock exchanges to post all orders on websites

SEBI vide circular SEBI/MRD/DSA-OIAE/Cir.- 09 /2010 dated April 1, 2010 has directed stock exchanges to post on their respective websites all regulatory orders and arbitration awards issued by them immediately after they are issued. SEBI also mandated that stock exchanges should also post all their regulatory orders and arbitration awards issued since April 1, 2007, on their websites within 30 days. This circular comes into effect with immediate effect. This move by SEBI is prompted by feedback from investor associations and it aims at improving transparency in disclosing regulatory orders and arbitration awards issued by stock exchanges.

A copy of the circular is available here.

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