Sebi notifies procedure to amend rules, mandates public consultation

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Sebi notifies procedure to amend rules, mandates public consultation - Business Standard

Quick Summary:

To make regulations, Sebi will publish on its official website the proposal containing the suggested changes to the policy; a statement of the regulatory intent and objectives of the proposed regulations; and the manner, process and timelines for receiving public comments.

To bring more transparency, markets watchdog Sebi has specified a new procedure for making regulations, mandating public consultation and for engagement of stakeholders for modifying norms.

On receipt of public comments, the rationale for rejection, if any, of comments will be published on the Sebi's official website.