Securities market regulator SEBI has amended the framework on investor grievance redressal mechanism after receiving representations from stock exchanges The new framework provides for speeding up grievance redressal mechanism and threshold limit for interim relief paid out of investor protection fund (IPF) of the stock exchanges among others. Arbitration or Appellate Arbitration may take place in nearest metro city, if awarded for amounts more than Rs. 50 Lacs provided that the same has been desired by any of the party involved.