SEBI vide notification dated May 17, 2024, has notified the SEBI (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2024. The key amendments include:
‣ Introduction of 'New Market Cap Formula'; SEBI Adopts a 6-month Average Calculation Rule
‣ Linking Rumour Verification to Material Price Movements (MPM)
‣ Mandating Prompt and Accurate Responses from Key Executives for Rumour Verification
‣ Granting Extra Time to Fill Key Executive Vacancies Requiring Regulatory Approval
‣ Introducing Uniform "Two-day Notice" for Stock Exchange Intimations
‣ Compliance Extension for High-value Debt-listed Entities by One More Year
‣ Interval Expansion Between Two Risk Management Committee Meetings to 210 Days
