Current Affairs · SEBI Intermediaries Regulations

Consider the following statements regarding SEBI's proposed easing of the 'fit and proper person' framework for market intermediaries: 1. The framework mandates the automatic disqualification of market intermediaries immediately upon the filing of an FIR by the regulatory authority. 2. The proposal to relax disqualifications at the initial investigation stage aligns regulatory actions with criminal law principles, specifically the presumption of innocence until conviction. 3. For cases under the Insolvency and Bankruptcy Code (IBC), 2016, the proposal clarifies that disqualification should occur only after a winding-up order is passed, recognizing that CIRP can result in a successful revival. Which of the statements given above is/are correct?