The Reserve Bank of India today released draft directions on Prohibition of Market Abuse. Comments on the draft directions are invited from market participants and other interested parties by October 31, 2018

Feedback on the draft directions may be forwarded to:

The Chief General Manager, Reserve Bank of India
Financial Markets Regulation Department
1st Floor, Main Building
Shahid Bhagat Singh Marg, Fort,
Mumbai – 400001

Or by email with subject line “Feedback on draft directions on Prohibition of Market Abuse”

Background

Reserve Bank of India had, in its Statement on Developmental and Regulatory Policies, the Second Bi-monthly Monetary Policy Statement dated June 06, 2018, announced that it will introduce regulations, in line with the best global practices, to prevent abuse in markets regulated by the Reserve Bank. Accordingly, draft directions on Prohibition of Market Abuse are being issued for feedback.

Ajit Prasad
Assistant Adviser

Press Release : 2018-2019/737