SEBI Launches User-Friendly Beta Settlement Calculator

Current Context: The Securities and Exchange Board of India (SEBI) launched a Beta version of its Settlement Calculator.

• The calculator is designed in accordance with the computation matrix provided in Schedule II of the SEBI (Settlement Proceedings) Regulations, 2018.
• It guides users to arrive at an indicative settlement amount by inputting values to various factors identified under Regulation 10 and Schedule II of the Settlement Regulations, 2018.
• The indicative settlement amount is subject to modifications as deemed fit by the Internal Committee, High Powered Advisory Committee, and the Panel of Whole Time Members.
• The calculator allows applicants to select fields according to the offences they have committed.
• It enables the applicant to select appropriate options based on their previous regulatory history, SEBI’s actions, and the details of any other ongoing procedures as of the filing date of the settlement application.
• A user-friendly guide video has been included in the settlement calculator for the ease of understanding the process of arriving at the indicative settlement amount.
• The beta version of the settlement calculator is available on the SEBI website.
• This initiative is aimed at enhancing transparency and making the settlement process more user-friendly.
• The beta version of the Settlement Calculator was launched on Thursday, May 30, 2024.

Question:

1. What is the purpose of the Settlement Calculator launched by SEBI?

• A) To calculate the GDP of India
• B) To guide users to arrive at an indicative settlement amount
• C) To calculate the tax payable by individuals
• D) To calculate the interest rate of banks

Answer: B) It guides users to arrive at an indicative settlement amount by inputting values to various factors identified under Regulation 10 and Schedule II of the Settlement Regulations, 2018.