Question
SEBI has asked market infrastructure institutions (MIIs)
to set up and operate a common ODR Portal. The portal will harness online conciliation and online arbitration for resolution of disputes arising in the Indian securities markets.What does ‘R’ in this ODR portal mean?Solution
SEBI has asked market infrastructure institutions (MIIs) to set up and operate a common Online Dispute Resolution Portal (ODR Portal). The portal will harness online conciliation and online arbitration for resolution of disputes arising in the Indian securities markets. The MIIs-- stock exchanges, depositories and clearing corporations-- will have to make joint efforts to develop and operationalize the ODR Platform. The ODR Portal will have the necessary features and facilities to enrol the investor and the market participant, and to file the complaint and to upload any documents or papers pertaining thereto. It will also have a facility to provide status updates on the complaint which would be obtained from the ODR Institution.
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