Sebi comes out with investor charter
PTI, Nov 17, 2021, 5:12 PM IST
Mumbai:Market regulator Sebi on Wednesday came out with investor charter for investors in securities market which aims at protecting investors’ interest.The charter includes rights and responsibilities of investors and dos and don’ts of investing in securities market, as per a public notice.
The vision of the investor charter is ”to protect the interests of investors by enabling them to understand the risks involved and invest in a fair, transparent, secure market, and to get services in a timely and efficient manner.” The rights include getting fair and equitable treatment, expecting redressal of investor grievances filed in SCORES in a time bound manner.
It also includes getting quality services from Sebi recognised market infrastructure institutions and Sebi registered intermediaries, regulated entities and asset management companies, as per the charter.
Sebi also laid out responsibilities, do’s and don’ts of investors.
”Redressal of investor grievances is an important measure towards investor protection,” Sebi said.
It added that Sebi now publishes a status report about the disposal of investor grievances received on SCORES portal on the website, on a monthly basis.
”A mechanism has been established whereby all Sebi regulated intermediaries/entities will have to disclose average time taken for redressal of investor grievances received by them, on their respective websites in a format specified by Sebi starting from January 2022,” it said.
Sebi said it has put in place an alternate dispute redressal mechanism for grievances against brokers, depository participants at the level of stock exchanges and depositories.
Sebi is examining the prospect of establishing similar mechanism for various services provided by other registered intermediaries/ entities.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Kidnapped for ransom in 1998, 26/11 survivor Gautam Adani faces biggest trial
Gautam Adani charged in US with USD 250 mn bribery, fraud
India’s GDP growth likely to slip at 6.5 pc, maintains 7 pc estimate for FY25: Icra
RBI cautions public about ‘deepfake’ video of governor being circulated on social media
We disagree with decision, plan to appeal: Meta on CCI imposing Rs 213-cr penalty
MUST WATCH
Latest Additions
Siddaramaiah says confident of winning all three bypolls in Karnataka
Hop on! IT Minister Priyank Kharge checks out Uber Shuttle at Bengaluru Tech Summit
Actress Kasthuri released from jail, says ‘I thank those who made me raging storm’
Kidnapped for ransom in 1998, 26/11 survivor Gautam Adani faces biggest trial
AIMPLB to hold its annual general sessions in Bengaluru from November 23
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.