The Securities and Exchange Board of India (SEBI) published an update on its July 3, 2025 interim order in the matter of alleged index manipulation by the Jane Street group, clarifying that several interim directions will stop applying once the entities comply with the escrow requirement. Under paragraph 62.11 of the interim order, upon creation of an escrow account with a lien marked in SEBI’s favour for INR 4,843,57,70,168, the directions in clauses 62.2, 62.3, 62.4, 62.5, 62.7, 62.8 and 62.10 will cease to apply. The update also reiterates that, under paragraph 62.12, the entities must cease and desist from directly or indirectly engaging in any fraudulent, manipulative or unfair trade practice, including dealing in securities using patterns identified or alluded to in the interim order, and notes that the entities have confirmed compliance. Stock exchanges have been directed under paragraph 62.13 to closely monitor any future dealings and positions of the JS Group on an ongoing basis until SEBI’s investigation and any consequent proceedings are completed, and the exchanges have confirmed compliance.
Securities & Exchange Board of India 2025-07-21
Securities and Exchange Board of India says Jane Street interim directions will cease after escrow of INR 4,843,57,70,168 is created
SEBI clarified that interim directions from its July 3, 2025 order on alleged index manipulation by the Jane Street group will cease once entities comply with the escrow requirement of INR 4,843,57,70,168. SEBI reiterated that entities must avoid fraudulent practices, with stock exchanges monitoring Jane Street's activities until the investigation concludes. Compliance with these directives has been confirmed by the entities and exchanges.