The new guidelines will come into effect on January 1, 2022, the Securities and Exchange Commission of India (Sebi) said in a circulation. Sebi has developed an Investor Charter in consultation with Merchant Banker on InvIT’s private placement of units with the aim of providing investors with relevant information regarding the issuance of primary markets by InvIT.
The Charter is a simple document that brings together various services for investors in one place for easy reference.
In the Circular, Sebi asked all registered merchant bankers to disclose on their website. InvIT’s private placement charter is proposed to be listed.
In addition, to provide transparency to the investor grievance mechanism, regulators have instructed Merchant Bankers to disclose data on their websites regarding complaints received or the issues they have dealt with on their respective websites. Did.
According to Sebi, the data must be disclosed by the 7th of the following month.
In addition, regulatory agencies also provide a format for disclosing complaint data on their website.
Under disclosure, Merchant Banker will accept complaints received that month, complaints carried forward from the previous month, resolved, pending complaints total, three months or more pending complaints, and complaint resolution. You need to disclose the average time it took.
Previously, Sebi disclosed various categories of investor charters on its website to investment advisors, research analysts, registrars and equity transfer agents (RTAs), merchant bankers, brokers, mutual funds, portfolio managers, and alternative investment funds. I was asking you to do it.
In addition, we instructed exchanges, depository agencies, and clearing agencies to disclose data on their websites regarding complaints received and their remedies.
This happened after Sebi regulators announced the Investor Charter in November. This charter includes investor rights and responsibilities, and what should and should not be invested in the securities market.
This Charter protects “investor interests by enabling investors to understand risk, invest in fair, transparent and secure markets and receive services in a timely and efficient manner”. The purpose is to do.
Rights include receiving fair and impartial treatment and expecting investors to remedy their dissatisfaction. Score In a time-limited way.
Market regulators have also created separate investor charters for market infrastructure institutions (stock exchanges, clearing institutions, depository institutions).
sebi: Sebi asks Merchant Bunker to disclose complaint data regarding the Investor Charter, InvIT’s pvt placement.
https://economictimes.indiatimes.com/markets/stocks/news/sebi-asks-merchant-bankers-to-disclose-investor-charter-complaint-data-for-invits-pvt-placement/articleshow/88320699.cms sebi: Sebi asks Merchant Bunker to disclose complaint data regarding the Investor Charter, InvIT’s pvt placement.