The regulator has also directed stock exchanges to closely monitor future dealings and positions of JS Group on an ongoing basis, to ensure that the entities do not indulge in any kind of manipulative activity.
The relief comes after Jane Street created an escrow account for an amount of Rs 4,844 crore against Sebi’s July 3 order in which the regulator had banned the U.S. trading giant for alleged market manipulation.
“…in the matter of index manipulation by Jane Street group dated July 3, 2025 (‘interim order’), upon compliance with the directions in clause 62.1 (creation of escrow account with a lien marked in favor of SEBI, for an amount of Rs 4,843,57,70,168/-), the directions stipulated in clauses 62.2, 62.3, 62.4, 62.5, 62.7, 62.8, and 62.10 of the interim order shall cease to apply,” a Sebi release issued today said.
The global proprietary trading company will also be able to use its bank accounts for debit purposes. In the interim order, Sebi had directed the banks, where Jane Street affiliates are holding bank accounts, to ensure no debits were made, without permission of Sebi.
The order had also restricted the JS Group to not make any debits in respect of assets without the prior approval of Sebi.Sebi has also asked Jane Street entities to cease and desist from directly or indirectly engaging in any fraudulent, manipulative or unfair trade practice. The release said that Jane Street entities have agreed to comply with Sebi directions.
While the firm has received regulatory clearance to re-enter the markets, Reuters quoted a second source as saying that Jane Street has provided an undertaking to Sebi that it will refrain from options trading. The firm also does not plan to trade in the cash segment until it has explained its trading strategies to Sebi.
