Notification repealing SEBI (Central Database of Market Participants) Regulations, 2003

Last updated: 19 January 2021

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The Securities and Exchange Board of India (SEBI) has repealed the Securities and Exchange Board of India (Central Database of Market Participants) Regulations, 2003, effective immediately. This repeal does not impact past actions, rights, liabilities, or any ongoing legal proceedings or penalties incurred under the old regulations. Investigations and enforcement actions can continue as if the regulations were still in place.

SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION MUMBAI, the 13th January, 2021 Notification repealing the Securities and Exchange Board of India (Central Database of Market Participants) Regulations, 2003 No. SEBI/LAD-NRO/GN/2021/05 In exercise of the powers conferred by Section 30

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FAQ :

SEBI has repealed the Securities and Exchange Board of India (Central Database of Market Participants) Regulations, 2003.

The repeal took effect immediately from the date of the notification, which was January 13, 2021.

No, the repeal does not affect the previous operation of the regulations, nor any right, privilege, obligation, or liability acquired or incurred under them.

Any penalty or punishment incurred for contraventions or offences committed under the repealed regulations, as well as any investigation or legal proceedings, can still be enforced as if the regulations had not been repealed.

The notification was issued by the Securities and Exchange Board of India (SEBI), signed by its Chairman, Ajay Tyagi.