SEBI has issued a draft circular seeking comments on significant changes to the online dispute resolution framework for the securities market, including revised processes and roles for market intermediaries.
SEBI Proposes Streamlined Online Dispute Resolution Framework for Securities Market
The Securities and Exchange Board of India (SEBI) has proposed a new framework for online dispute resolution (ODR) in the securities market, inviting comments on the draft circular. This proposal introduces substantial changes to the existing dispute resolution processes and outlines the roles of market intermediaries in this context.
The updated framework is designed to enhance the efficiency and effectiveness of dispute resolution, ensuring that all stakeholders can access a fair process. Additionally, specific compliance requirements related to the SCORES process and Alternative Investment Fund (AIF) dispute provisions have been elaborated.
Practitioners should monitor the developments of this proposed framework closely, as it will have substantial implications for dispute resolution practices within the securities industry and may redefine how grievances are addressed among stakeholders.
Citations
- SEBI Draft Circular on ODR (2026) SEBI Publication
