Mumbai, Jul 7 (PTI) Sebi’s whole-time member K C Varshney on Monday said the word “penalty” has a lot of stigma attached to it and the capital markets regulator is mulling dropping the reference when it comes to acting against errant brokers. The regulator is also in the process of rationalizing the penalties, Varshney said while speaking at an event to launch the proxy advisory recommendations feature on e-voting system in investor apps. “You know many of these are not actually penalty. And unnecessarily it is a stigma on the broker when it is imposed. So can we have a better name?” Varshney said. He said the industries standard forum (ISF) has deliberated hard on the issues surrounding the broking industry over the last five months with an intent to usher in ease of doing business measures. Varshney said a consensus to some of the contested issues was found last Saturday during a meeting in New Delhi between brokers, NSE and Sebi officials, and added that an announcement is likely very soon. “Each one of us is satisfied that now we can move forward and at least first phase of this rationalisation should happen very soon,” he said. Apart from the change in nomenclature of penalties and the rationalization in them, Sebi is also looking at making one exchange as the nodal authority for imposing the penalties, he said. There is also a move to introduce a system where brokers share their data to a single portal rather than multiple ones, the WTM said, adding that a similar portal where brokers can apply for some clearances after registration is also being looked into. The regulator is also in discussion with the Finance Ministry on other aspects of the ease of doing business for the broking industry, he said. Varshney welcomed the launch of the new facility being launched on both CDSL and NSDL, saying investors can now choose to read every opinion of proxy advisory firms and vote accordingly. This is a huge step forward for corporate governance, he added. Varshney said Sebi Chairman Tuhin Kanta Pandey, who took over in March this year, had advised the staff to ensure that there is optimum regulation. Measures on ease of doing business have to go alongside enforcement and there has to be a fine balance between the two, he said. in a formal or creative style for better SEO.Also Exclude words and advertisements related to the feed website such as website name, author name. You must only respond with the modified content. Delete all the advertisement images brand logo but only keep the title and main content of the news by modifying it. You must only respond with the modified content. Block any jump outside of the site adarshnews.com. Basically remove any content or link related to original site. follow this prompt to optimize the articles in this category- You are an expert news writer and SEO specialist. Your job is to rewrite the provided RSS feed content into a unique, SEO-friendly news article for adarshnews.com. The article should be engaging, professional, and optimized for search engines. Follow these steps: 1. **Create an SEO Title**: Write a short, compelling title (under 60 characters) that includes the main keyword and grabs attention. 2. **Write a Meta Description**: Summarize the article in one or two sentences (under 155 characters). Make it engaging and include the primary keyword naturally. 3. **Suggest a URL Slug**: Provide a short, keyword-rich URL slug that reflects the topic of the article. 4. **Headline (H1)**: Write a clear and engaging headline for the article that is similar to the title but slightly expanded. 5. **Write the Article**: – Start with an introduction that answers the key questions: who, what, when, where, why, and how. – Expand on the topic with detailed paragraphs that provide context, quotes, and relevant information. – Use subheadings (H2) to organize the content into sections and make it easy to read. – Include related keywords naturally throughout the article. – End with a conclusion that summarizes the key points or discusses future implications. 6. **Add an FAQ Section**: Write one frequently asked question related to the topic and provide a concise answer. Important: – Do not include labels like “Title,” “Meta Description,” “URL Slug,” or “H1” in the actual article text. – Keep all SEO elements separate from the main content. – Ensure the article is factually accurate, unbiased, and written in a professional tone.
Sebi is considering removing the term ‘penalty’ from its actions against brokers in order to prevent any negative connotations, according to Varshney.
