SEBI Update | Important Advisory On Communication With Sebi Officials

Background

The Securities and Exchange Board of India (SEBI) recently issued an advisory directed at registered intermediaries and regulated entities (Advisory). This Advisory aims to clarify the protocols for communication with SEBI officials, particularly concerning the interpretation of operational measures and policy issues related to the securities markets.

Nature of Communications

SEBI frequently receives various forms of communication from registered intermediaries and regulated entities. These communications often seek clarifications on specific operational measures or policy interpretations. However, SEBI has emphasized that any such communication with SEBI officials, whether it be summaries of discussions, meeting minutes, or personal interpretations should not be construed as official approvals or clarifications unless explicitly stated by SEBI itself. This distinction is crucial to prevent misunderstandings regarding the regulatory framework.