Sebi starts one-time settlement opportunity in illiquid stock option cases

Markets regulator Sebi on Monday proposed a one-time settlement opportunity for the entities that executed reversal of trades in the stock options segment of BSE during 2014 and 2015.

The one-time settlement period will commence on August 1 and end on October 31, the Securities and Exchange Board of India (Sebi) said in a notice.

After the expiry of the scheme, entities who do not avail the one-time settlement opportunity will be liable for action, it added.

Underthescheme,the entities whoexecutedtradereversals on the stock options segment of BSE during the period April 1, 2014 to September 30, 2015, against whom any proceedings are pending,