Reserve Bank of India (Prevention of Market Abuse) Directions, 2019

Mar 19, 2019 | by Avantis RegTech Legal Research Team

In order to regulate the financial system of the country, the Reserve Bank of India (RBI) on March 15, 2019 has issued directions on prevention of market abuse to all the persons dealing in securities, money market instruments, foreign exchange instruments, derivatives or other instruments of like nature as the Bank may specify from time to time. The Direction is called as RBI (Prevention of Market Abuse) Directions, 2019. These Directions will apply to transactions of all participants in markets for financial instruments but exclude transactions executed through the recognized stock exchanges. This Direction will not apply to the Bank and the Central Government in furtherance of monetary policy, fiscal policy or other public policy objectives. It will come into force on March 15, 2019.

[Notification No.RBI/2018-19/141]

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