New Delhi, Feb 4 (IANS) The Securities and Exchange Board of India (SEBI) on Wednesday said that it is planning to revamp its ‘fit and proper’ framework for market intermediaries, saying some of the existing rules may be too rigid and could penalise individuals and firms before any wrongdoing is proven.In a consultation paper, the markets regulator said that experience from enforcing these rules over the past five years, along with global best practices, has shown the need to review key prov…
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