Market Abuse:It includes market manipulation, benchmark manipulation, misuse of information, or any other similar practice. Market abuse may arise in circumstances where financial market investors have been unreasonably disadvantaged, directly or indirectly, by others who:
Reserve Bank of India (‘RBI’) vide notification dated 13th March, 2019 (RBI/2018-2019/140) had notified revised framework for trade credit.
SEBI on 14th November, 2018 issued an informal guidance under SEBI (Substantial Acquisition of Shares and Takeover) Regulation, 2011, which gives clarity on Off-Market Transaction.
Sundaram Finance (applicant company) on 28th August, 2018 requested SEBI to issue informal guidance for getting clarity/better understanding of the wording use in new Regulation 17 (1A) and Regulation 25 (1) both of which use the word ‘continue’ which is absent in Reg.16(1)(b)(viii).
