SEBI CALLS FOR MECHANISM TO PREVENT MARKET ABUSE

About:

• Under this, the managing director (MD) or chief executive officer (CEO) of market infrastructure institutions (MIIs) will be obligated to frame a code of conduct and put in place an institutional mechanism.
  
  
• Further, the board of directors needs to ensure compliance by the MD/CEO in this regard.
  
  
• MIIs will have to formulate a code of conduct to regulate, monitor and report trading by their designated persons and immediate relative of designated persons towards achieving compliance with the prohibition of insider trading regulations.