{"id":24046,"date":"2024-06-07T02:25:08","date_gmt":"2024-06-06T20:55:08","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=24046"},"modified":"2025-04-07T06:44:35","modified_gmt":"2025-04-07T01:14:35","slug":"sebi-introduces-new-framework-for-unaffected-price","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/sebi-introduces-new-framework-for-unaffected-price\/","title":{"rendered":"SEBI Introduces New Framework For Unaffected Price"},"content":{"rendered":"<h2>About New Framework<\/h2>\n<ul>\n<li>The Securities and Exchange Board of India (SEBI) introduced a framework centred around the concept of<strong> &#8220;unaffected price&#8221;<\/strong> to tackle the impact of market rumours on stock prices.<\/li>\n<li><strong>Purpose: <\/strong>The framework aims to maintain a reasonable price for a scrip, excluding any undesired influence before the rumour is confirmed or refuted, thereby <strong>helping both companies and investors.<\/strong><\/li>\n<li><strong>Implementation: <\/strong>The framework will be implemented in phases:\n<ul>\n<li><strong>Phase 1 (June 1):<\/strong> Applies to the<strong> top 100 <\/strong>listed entities.<\/li>\n<li><strong>Phase 2 (December 1):<\/strong> Applies to the<strong> top 250 <\/strong>listed entities.<\/li>\n<\/ul>\n<\/li>\n<li><strong>How &#8220;Unaffected Price&#8221; works: <\/strong>The &#8220;unaffected price&#8221; is the price of the scrip before a particular rumour emerged and became public. This mechanism ensures a fair price discovery process, protecting the interests of market participants.<\/li>\n<li><strong>Benefits:<\/strong> The framework is expected to:\n<ul>\n<li>Improve market integrity by promoting transparency and faster responses from listed companies.<\/li>\n<li>Enhance confidence among investors.<\/li>\n<li>Reduce speculative activity.<\/li>\n<li>Ensure a level playing field for buybacks, mergers and acquisitions, and other transactions.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><strong>Timeframe:<\/strong> The &#8220;unaffected price&#8221; must be determined<strong> within 24 hours<\/strong> of any material price movement excluding the rumour.<\/p>\n<hr \/>\n<h3>Q.1. What is SEBI and its function?<\/h3>\n<p>SEBI stands for Securities and Exchange Board of India, a statutory regulatory body responsible for protecting investor interests and regulating the securities market. Its functions include: Prohibiting insider trading, price rigging, and fraudulent practices, Regulating intermediaries, stock exchanges, and corporate activities, Educating investors, promoting fair practices, and developing the securities market.<\/p>\n<p><strong>Source: <\/strong><a href=\"https:\/\/www.thehindu.com\/business\/markets\/sebi-framework-to-shield-stock-prices-against-market-rumours\/article68254547.ece\" target=\"_blank\" rel=\"nofollow noopener\">SEBI\u2019s framework to shield stock prices against market rumours: Explained<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Securities and Exchange Board of India (SEBI) introduced a framework centred around the concept of &#8220;unaffected price&#8221; to tackle the impact of market rumours on stock prices.<\/p>\n","protected":false},"author":5,"featured_media":24047,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-24046","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-upsc-prelims-current-affairs","8":"no-featured-image-padding"},"acf":[],"_links":{"self":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/24046","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/comments?post=24046"}],"version-history":[{"count":0,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/posts\/24046\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media\/24047"}],"wp:attachment":[{"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/media?parent=24046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/categories?post=24046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vajiramandravi.com\/current-affairs\/wp-json\/wp\/v2\/tags?post=24046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}