Sebi proposes shifting ODR oversight to MIIs for quicker grievance redressal

Sebi proposes shifting online dispute resolution administration to market infrastructure institutions. This move aims to significantly speed up investor grievance redressal processes. Market infrastructure institutions will now handle conciliator and arbitrator appointments and oversight. Investors will have a voice in arbitrator selection, while conciliators are appointed directly. This framework change is estimated to shorten the overall resolution process by twenty-one days.