Sebi rationalizes punitive framework for stockbrokers, scraps 40 violations and reclassifies 105 as ‘financial disincentives’

Markets regulator Securities and Exchange Board of India (Sebi) has streamlined the penalty framework for stockbrokers, scrapping 40 violations and reclassifying fines for 105 violations as ‘financial disincentives’. The revised framework now provides for sanctions for 90 violations. The decision to reclassify 105 violations as “financial barriers” is intended to remove the stigma associated with […]

Sebi is taking measures to ensure system security in the quantum computing era: Pandey

The advent of quantum computing could pose major security challenges and Sebi is preparing the system to be secure before its introduction, the capital market regulator chairman Tuhin Kanta Pandey said on Wednesday. Pandey said quantum computing has the technological capabilities to allow bad actors to compromise passwords, long believed to be highly secure. Therefore, […]