GUARDIANS OF GOSSIP: ANALYSING SEBI CONSULTATION PAPER ON MARKET RUMOUR VERIFICATION

Published On: 29/02/2024

Authors:

Manshoor Nazki
Anjali Menon
Neha Sharma
SEBI in a consultation paper dated December 28, 2023, has proposed amendments aimed at addressing concerns associated with verification of market rumours. The proposed reforms aim to modify the current material event criteria to material price movements, for the verification of market rumours. INDUSLAW’s Manshoor Nazki, Anjali Menon and Neha Sharma explore the implications and potential impact of these proposed amendments on the regulatory landscape, shedding light on the evolving approach to rumour management in India's securities market.