Securities and Exchange Board of India (Ombudsman) (Repeal) Regulations, 2023 - SEBI/LAD–NRO/GN/2023/138 - SEBI

SECURITIES AND EXCHANGE BOARD OF INDIA NOTIFICATION Mumbai, the 3rd July 2023 SECURITIES AND EXCHANGE BOARD OF INDIA (OMBUDSMAN) (REPEAL) REGULATIONS, 2023 No. SEBI/LAD NRO/GN/2023/138 . In exercise of the powers conferred by Section 30 of the Securities and Exchange Board of India Act, 1992 (15 of 1992), the Securities and Exchange Board of India hereby makes the following regulations to repeal the Securities and Exchange Board of India (Ombudsman) Regulations, 2003 , namely, 1. These regulations may be called the Securities and Exchange Board of India (Ombudsman) (Repeal) Regulations, 2023. 2. They shall come into force on the date of their publication in the Official Gazette. 3. On and from the commencement of these regulations, the Securities and Exchange Board of India (Ombudsman) Regulations, 2003 shall stand repealed. 4. The repeal of the Securities and Exchange Board of India (Ombudsman) Regulations, 2003 shall not affect (i) the previous operation of the said regulations or anything done or omitted to be done or suffered therein; (ii) any right, privilege, obligation or liability acquired or accrued or incurred under the said regulations; (iii) any penalty or punishment incurred in respect of any contravention or offence committed under the said regulations; (iv) any investigation, legal proceedings or remedy in respect of any such right, privilege, obligation, liability, penalty or punishment as aforesaid. 5. Any such investigation, legal proceeding or remedy may be instituted, continued or enforced and any such penalty or punishment may be imposed as if the Securities and Exchange Board of India (Ombudsman) Regulations, 2003 had not been repealed. BABITHA RAYUDU, Executive Director [ADVT.-III/4/Exty./248/2023-24]