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SEBI Launches Version Beta of Settlement Calculator

Jun 3, 2024

By: BlinkX Research Team

The Securities and Exchange Board of India launched a beta version of a settlement calculator on Thursday, May 30 to arrive at the indicative settlement amount, intending to simplify and provide more transparency in the system.

Key Takeaways from SEBI’s Launch:

• SEBI launched a beta version of the settlement calculator to arrive at the indicative settlement amount.
• The move intends to simplify and provide more transparency in the system.

Currently, an applicant has to arrive at the indicative amount (IA) in the application based on its estimate following the various factors identified under the regulations.

The beta version of the settlement calculator is available on Sebi’s website.

The settlement calculator contains fields that an applicant may identify in terms of the violations and helps select the appropriate options concerning its past regulatory track record, which includes details of actions by SEBI as well as other ongoing proceedings.

For ease of understanding of the process of arriving at the indicative settlement amount, SEBI has included a user-friendly guide video in the settlement calculator. 

About the Securities and Exchange Board of India:

The Securities and Exchange Board of India or SEBI was established in 1988 as a non-statutory body for regulating the securities market. Before its existence, the Controller of Capital Issues was the market's regulatory authority. SEBI became an autonomous body on 30 January 1992 and was accorded statutory powers after passing the SEBI Act, 1992 by the Parliament of India. It has its headquarters at the Bandra Kurla Complex in Mumbai. SEBI also had 17 local offices spread all over India to promote investor education. However, 16 of them were closed as part of a restructuring exercise.