The market regulator’s decision to put resolution of disputes on the fast track is working well. In just over a year after announcing rules for consent orders, the Securities and Exchange Board of India has settled close to 83 cases. Consent order is a new system of settling disputes in the capital markets by an agreement between a regulator and the accused through a penalty or a fine. The things have certainly moved fast as consent happens in a matter of months against the earlier practice of disputes going on for years.
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