SEBI announces reward of Rs 1 Cr to insider trading informants
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This will be a part of the detailed set of rules for the new 'Informant Mechanism' under Prohibition of Insider Trading Regulations that was approved by the SEBI board yesterday. The norms also propose a possible amnesty or settlement for minor wrongdoings in return for cooperation in the probe.
SEBI will establish an Office of Informant Protection, which will be responsible for the receipt, registration and processing of the disclosure form and also for ascertaining its authenticity.
Other major decisions include relaxation in 'Muni Bonds' to enable smart city developers and municipalities to raise funds through issuance and listing of their debt securities.#casansaar (Source - NewsOnAir)
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