New Delhi, Aug. 14 -- The Securities and Exchange Board of India (Sebi) has proposed a major revamp of its settlement framework to make enforcement settlements simpler, quicker and more predictable.

The market regulator has suggested replacing the existing Sebi (Settlement Proceedings) Regulations, 2018, with a new framework. The proposals include removing an additional 20% settlement charge in certain cases involving multiple proceedings and introducing a fast-track mechanism for settlements of up to Rs.10 lakh.

Settlement amounts could become more predictable

Sebi's proposals follow consultations with stakeholders and an analysis of settlement applications filed during the past two years.

The regulator found that when settlement app...