New settlement scheme-III on illiquid option cases

New Delhi: Capital markets regulator Sebi has introduced a third settlement scheme for entities involved in reversal trades in the stock options segment on BSE in 2014 and 2015.

The scheme will commence on March 11 and conclude on May 10, the Securities and Exchange Board of India (Sebi) said in a statement. After the expiry of the scheme period, actions as per the relevant provisions of securities laws will be continued against the entities which do not avail this opportunity for settlement.

Moreover, the regulator said that frequently asked questions with respect to the scheme will be available on the websites of Sebi and BSE on March 11.