Mumbai, 8 December, 2017 (GPN) : National Stock Exchange of India Ltd (NSE), India’s leading stock exchange today announced the launch of an e-book – ‘Regulation wise Compilation of Securities Appellate Tribunal (SAT) Orders’. Hon’ble Justice Mr. V.M. Kanade (Retd.), Bombay High Court, Mr. G. Mahalingam – Whole Time Member, SEBI Mr. Ananta Barua – Executive Director, SEBI and Mr. Ashok Chawla, Chairman, NSE and Mr. Vikram Limaye, MD & CEO, NSE released this e-book on SAT orders at NSE HQ.
In order to create a standard regulation-wise reference source for all SAT orders, NSE has compiled orders that have been passed since the inception of SAT till the end of last year.
The compilation is made available only in e-book form with suitable search capability. This will be useful to capital market intermediaries and other practitioners specializing in the areas of regulatory work relating to capital markets.
The book, as its name suggests, has been compiled and classified regulation wise in 5 volumes: Takeover Regulations, FUTP Regulations (FUTP refers to Fraudulent and Unfair Trade Practices), Stock Broker Regulations, SEBI Act, and SEBI Regulations (Mutual Funds, Merchant Bankers and Collective Investment Schemes apart from other regulations).
Mr. Vikram Limaye, MD & CEO, NSE said, “NSE is committed to the orderly development of markets and in raising the bar on corporate governance. This e-book compilation of regulation wise compilation of SAT orders will help streamline regulatory records and facilitate efficient access to SAT orders.”
The decisions of SAT are referred to by law firms, regulators, Exchange officials and other participants of securities market. SAT orders are available on SEBI website (http://www.sebi.gov.in/) and SAT website (http://sat.gov.in). However, there is no category wise ready to use compilation of all decisions and leads to difficulty in locating relevant orders. This e-book is the solution to those difficulties.
NSE would update the compilation every year, and the revised compilation would be released around June every year.
About National Stock Exchange of India Limited (NSE):
The National Stock Exchange of India Ltd (NSE) is the leading stock exchange in India and the fifth largest in the world by equity trading volume Year to Date (YTD), according to World Federation of Exchanges (WFE) data as on August 2017. NSE was the first exchange in India to implement electronic or screen-based trading. It began operations in 1994 and is ranked as the largest stock exchange in India in terms of total and average daily turnover for equity shares every year since 1995, based on SEBI data.
NSE has a fully-integrated business model comprising our exchange listings, trading services, clearing and settlement services, indices, market data feeds, technology solutions and financial education offerings. NSE also oversees compliance by trading and clearing members with the rules and regulations of the exchange.
NSE is a pioneer in technology and ensures the reliability and performance of its systems through a culture of innovation and investment in technology. NSE believes that the scale and breadth of its products and services, sustained leadership positions across multiple asset classes in India and globally enable it to be highly reactive to market demands and changes and deliver innovation in both trading and non-trading businesses to provide high-quality data and services to market participants and clients.
For more information, please visit: www.nseindia.com