SEBI To Introduce SOPs for Uniform Settlement Norms: Report
Moneylife Digital Team 17 March 2025
The Securities and Exchange Board of India (SEBI) is in the process of finalising standard operating procedures (SOPs) to ensure uniformity in the application of settlement regulations amid a growing number of settlement cases. SEBI's whole-time member Kamlesh Chandra Varshney informed that the regulator is currently holding final discussions on the matter.
 
Speaking to PTI on the sidelines of a conference in New Delhi, Mr Varshney stated, "It is a work in progress... it is in final discussions." 
 
He pointed out a significant rise in settlements over the past five years, with 45% of enforcement orders now opting for settlement, compared to just 10% earlier.
 
He emphasised the need for consistency when applying the settlement formula, noting that identical situations in different cases should be treated similarly.
 
SEBI's regulations allow matters to be settled without admitting or denying the facts and conclusions of law, subject to specific conditions. 
 
However, Mr Varshney stressed the importance of having a consistent approach to calculating settlement values. He told PTI that "Different people should give the same value for the same situation in different cases... basically uniformity across cases... we will work on that."
 
The remarks were made at a national conference, focused on the economics of competition law, where Mr Varshney shared insights into SEBI's ongoing efforts to enhance transparency and fairness in its settlement processes.
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