ARBITRATION MECHANISM- CENTRALI- ZED SEBI PANEL
The Securities and Exchange Board of India (SEBI) has tweaked the stock exchange arbitration mechanism to facilitate selection of arbitrators through an automatic process. Arbitration mechanism is a dispute resolution process between market players such as brokers, sub-brokers, clearing members & depositories. Many broker disputes are resolved through this mechanism. Under the new process, the entire list of arbitrators impaneled with stock exchanges shall be pooled and made publicly available. SEBI has said that this common pool of arbitrators will be chosen by an automatic process where neither the parties to the arbitration nor the concerned stock exchanges will be directly involved.
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