Stock market glitches to attract strict penalties. Know about Sebi’s new rule

Market regulator Sebi has announced a new rule under which stock exchanges will face heavy penalties for technical glitches. The order comes months after the outage at the National Stock Exchange. Here is all you need to know.

India’s market regulator Securities and Exchange Board of India (Sebi) has come out with a standard operating procedure (SOP) to curb technical glitches involving stock market operations. The market watchdog has said stock exchanges that fail to respond to technical disruption and restore operation within 45 minutes will face stringent penalties. Sebi’s announcement came late on Monday.