sebi:SO/EFD-2/SD/314/OCTOBER/2019
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Facts / Headnote
Settled qua the applicant upon payment of settlement amount
Provisions invoked
- s. 15J
Regulations
- Reg. 25
- Reg. 34
- Reg. 23
Parties
- Credit Suisse (Singapore) Limited
Holding
The proposed proceedings for incorrect monthly reporting in respect of ODI monthly reports are settled qua Credit Suisse (Singapore) Limited upon payment of Rs. 25,35,000, and SEBI shall not initiate any enforcement action against the applicant for the said defaults.
Full text
Settlement order in respect of Credit Suisse (Singapore) Limited in the matter of incorrect monthly reporting in respect of offshore derivative instruments (ODI) monthly reports. Page 2 of 3
Settlement order in respect of Credit Suisse (Singapore) Limited in the matter of incorrect monthly reporting in respect of offshore derivative instruments (ODI) monthly reports. Page 3 of 3
3. The High Powered Advisory Committee (hereinafter referred to as ‘HPAC’) in its meeting held on September 16, 2019 considered the settlement terms proposed and recommended the case for settlement upon payment of Rs. 25,35,000/- (Rupees Twenty Five Lakh Thirty Five Thousand only) as settlement amount, as proposed by the applicant in accordance with the Settlement Regulations, for the aforementioned defaults. The Panel of Whole Time Members of SEBI accepted the said recommendation of the HPAC and the same was communicated to the applicant vide e-mail dated October 18, 2019.
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Source: SecMarx — sebi:SO/EFD-2/SD/314/OCTOBER/2019. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.