<ul data-eligibleForWebStory="false"><li>SEBI's whole-time member K C Varshney mentioned that the word 'penalty' carries a stigma and is considering dropping its use in actions against brokers to avoid unnecessary implications.</li><li>Varshney highlighted efforts to rationalize penalties and cited industry discussions aiming to streamline regulatory processes and ease of doing business in the broking sector.</li><li>Proposed changes include revisiting penalties, designating a single exchange as the nodal authority for penalties, creating a unified data-sharing portal for brokers, and simplifying the clearance process.</li><li>SEBI is collaborating with the Finance Ministry to enhance ease of doing business in broking, with a focus on regulatory efficiency and investor governance, as affirmed by SEBI Chairman Tuhin Kanta Pandey.</li></ul>

SEBI Mulls Dropping Word 'Penalty' In Actions Against Brokers To Avoid Stigma: Varshney

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