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With reference to the new regulations by SEBI, consider the following statements:
1. The managing director (MD) or chief executive officer (CEO) of market infrastructure institutions (MIIs) will be required to develop a code of conduct and establish an institutional framework under this provision.
2. Market infrastructure institutions (MIIs) will be required to develop a code of conduct to govern, track, and disclose trading by their designated individuals and immediate relatives in order to comply with insider trading prohibition regulations.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
With reference to the new regulations by SEBI, consider the following ...
SEBI asked stock exchanges, clearing corporations and depositories to put in place a code of conduct and institutional mechanism to prevent fraud or market abuse by them and their designated persons.
  • Under this, the managing director (MD) or chief executive officer (CEO) of market infrastructure institutions (MIIs) will be obligated to frame a code of conduct and put in place an institutional mechanism.
  • Further, the board of directors needs to ensure compliance by the MD/CEO in this regard.
  • MIIs will have to formulate a code of conduct to regulate, monitor and report trading by their designated persons and immediate relative of designated persons towards achieving compliance with the prohibition of insider trading regulations.
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With reference to the new regulations by SEBI, consider the following statements:1. The managing director (MD) or chief executive officer (CEO) of market infrastructure institutions (MIIs) will be required to develop a code of conduct and establish an institutional framework under this provision.2. Market infrastructure institutions (MIIs) will be required to develop a code of conduct to govern, track, and disclose trading by their designated individuals and immediate relatives in order to comply with insider trading prohibition regulations.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?
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With reference to the new regulations by SEBI, consider the following statements:1. The managing director (MD) or chief executive officer (CEO) of market infrastructure institutions (MIIs) will be required to develop a code of conduct and establish an institutional framework under this provision.2. Market infrastructure institutions (MIIs) will be required to develop a code of conduct to govern, track, and disclose trading by their designated individuals and immediate relatives in order to comply with insider trading prohibition regulations.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? for Current Affairs 2024 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to the new regulations by SEBI, consider the following statements:1. The managing director (MD) or chief executive officer (CEO) of market infrastructure institutions (MIIs) will be required to develop a code of conduct and establish an institutional framework under this provision.2. Market infrastructure institutions (MIIs) will be required to develop a code of conduct to govern, track, and disclose trading by their designated individuals and immediate relatives in order to comply with insider trading prohibition regulations.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for Current Affairs 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the new regulations by SEBI, consider the following statements:1. The managing director (MD) or chief executive officer (CEO) of market infrastructure institutions (MIIs) will be required to develop a code of conduct and establish an institutional framework under this provision.2. Market infrastructure institutions (MIIs) will be required to develop a code of conduct to govern, track, and disclose trading by their designated individuals and immediate relatives in order to comply with insider trading prohibition regulations.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'C'. Can you explain this answer?.
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