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SEBI issued a Circular SEBI/HO/DMS/CIR/P/2017/15 dated February 23, 2017 on Amendment pursuant to comprehensive review of Investor Grievance Redressal Mechanism. Pursuant to representation received from the stock exchanges, the following paragraphs of the aforesaid circular stands modified/replaced as under: Clause 1.H. is replaced as under: “1.H. Place of arbitration / appellate arbitration. Clause 1.J. is modified as under: “1.J. Speeding up grievance redressal mechanism. Clause 2.E. is replaced as under: “2.E. Determination of legitimate claims from IPF for clients of the defaulter member. Clause 2.F. is modified as under: “2.F. Threshold limit for interim relief paid out of IPF in Stock Exchanges. The Stock Exchanges (excluding Commodity Derivatives Exchanges)/ Depositories are directed to: Make necessary amendments to the relevant bye-laws, rules and regulations for the implementation of the above decision immediately; Bring the provisions of this circular to the notice of the members/ DPs and also to disseminate the same through their website; and Take steps to make the investors aware of the aforesaid changes/ modifications. ETC.,