Description
SEBI directs trading members to defreeze accounts of Cypress Money Investment Adviser and three individuals as their debarment period has ended.
Summary
SEBI has directed trading members to defreeze the trading accounts of Cypress Money Investment Adviser and three associated individuals (Anubhav Kandpal, Saumya Kala, and Suman Kala) as their debarment period under a previous order has been completed.
Key Points
- Four entities’ trading accounts to be defrozen following completion of debarment period
- Original debarment was implemented via Exchange Notice No. 20180504-27 dated May 4, 2018
- SEBI communicated the directive via email on July 29, 2025
- Trading members must ensure compliance with the defreezing directive
Regulatory Changes
Lifting of trading restrictions on:
- Cypress Money Investment Adviser (PAN: AAKFC7589G)
- Anubhav Kandpal (PAN: BYMPK2765H)
- Saumya Kala (PAN: CDXPK7038J)
- Suman Kala (PAN: DOGPK1878M)
Compliance Requirements
- Trading members must defreeze the specified trading accounts
- Ensure compliance with SEBI’s directive dated July 29, 2025
- Take note of the restoration of trading privileges for the mentioned entities
Important Dates
- July 29, 2025: SEBI email directive date
- May 4, 2018: Original debarment notice date (Exchange Notice No. 20180504-27)
- July 29, 2025: Notice publication date
Impact Assessment
The lifting of debarment allows the affected investment adviser and individuals to resume trading activities. This represents a restoration of market access following the completion of regulatory sanctions, indicating successful completion of the penalty period imposed under the original SEBI order.
Impact Justification
Affects specific entities with frozen accounts - moderate impact on affected parties but limited market-wide implications