Sebi expands the settlement window until October 16 for stock agents in the trade case of Algo

Markets Regulator Sebi expanded the deadline for the settlement scheme on Tuesday until 16 October for all stock agents related to certain Algo platforms.

The issue relates to a settlement scheme for brokers who reportedly formed standards by associating with non -regulated Algo -trading platforms.

The regulation period, which started in June, would be closed on September 16.

In a statement on Tuesday, Sebi said that “noted that a number of entities have shown interest in recent days to use the scheme. Given the importance of entities to use the scheme, the competent authority has extended the period of the scheme until October 16, 2025”.

This regulation is intended to offer a settlement option to relate brokers with specific Algo platforms against whom the procedure has already been started by SEBI and are currently being processed for an authority or forum, such as the assessment officer, Securities Appellate Tribunal or the courts.

By using the benefits of this scheme, the stock brokers involved can arrange the procedure and request an accelerated conclusion for their affairs.

Actions initiated against stock brokers who choose not to use this settlement option will continue in accordance with the law.