Capital markets regulator Sebi on Tuesday proposed introducing provisions for "summary proceeding" in the intermediaries rules to handle certain violations of securities laws by intermediaries more swiftly and efficiently. In this regard, the Securities and Exchange Board of India (Sebi) has floated a consultation paper to invite public comments till August 6 on proposed amendments to the Intermediaries Rules, 2008. Summary proceedings allow the entity to present reasons why the facts leading to the proceedings should not result in adverse consequences against it. Earlier, summary proceedings were part of Chapter III of the erstwhile Sebi (Procedure of Holding Enquiry by Enquiry Officer and Imposing Penalty) Regulations, 2002. However, with the promulgation of the Intermediaries Regulations in 2008, these rules were repealed in May 2008. In its consultation paper, Sebi said the proposed provisions of the summary proceedings will include the provisions for identifying the cases for Read The Rest at :