India's Sebi introduces enhanced surveillance measures for IPO pre-open call auctions due to order manipulation concerns.
India's market regulator, Sebi, introduces additional surveillance measures for pre-open call auction sessions of IPOs, following concerns of order manipulation. Stock exchanges must enhance their surveillance systems, generate alerts for large cancellations and significant price changes, and report them to Sebi by the end of the trading day. The new rules come into effect after a three-month period.
June 20, 2024
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