SEBI Proposes Tripling Fees For Informal Guidance, Expanding Eligibility To Include More Market Entities

The Securities and Exchange Board of India has proposed amendments to the existing Informal Guidance Scheme, 2003. This scheme, originally introduced in June 2003 and amended in 2004 and 2023, allows registered entities to seek SEBI's guidance on specific transactions and interpretations of securities laws. SEBI has proposed expanding the list of entities eligible to seek informal guidance. SEBI has also proposed a substantial increase in the fees associated with seeking informal guidance.