The Securities and Exchange Board of India (“SEBI”) has issued an Advisory for Registered Intermediaries/ Regulated entities where they are advised to:
(a) implement measures requiring approval/ clarification from SEBI only on receipt of explicit written approval or written clarification or communication from SEBI; and
(b) refer to the mechanism provided for under the Securities and Exchange Board of India (Informal Guidance) Scheme 2003 (or any modification or re-enactment thereof) for seeking interpretive letters/no action letters from SEBI, if required.
Please click on the hyperlink below to have a detailed read of the Advisory.
Source: Securities and Exchange Board of India
