Sebi has asked stock brokers to provide investor charters and compliant data on their websites

Sebi has asked stock brokers to provide investor charters and compliant data on their websites

Sebi, the market regulator, ordered registrars and share transfer agents (RTAs) and merchant bankers to provide investor charters as well as data on complaints received on their websites on Friday.

Merchant bankers must report investor charters in a variety of categories, according to the regulator.

In four different circulars, the Securities and Exchange Board of India (Sebi) announced that the revised norms will take effect on January 1, 2022.

An investor charter has been prepared by Sebi in consultation with merchant bankers in order to provide investors with relevant information about primary market issuances in the debt market, municipal debt securities, as well as issuance by real estate investment trusts (REITs) and infrastructure investment trusts (InvITs).

In addition, the regulator has created an investor charter for RTAs that outlines the services supplied to investors, their rights, various RTA activities with timetables, investor dos and don’ts, and a grievance redress process.

This charter is a short document that gathers several investor services in one place for easy access.

The Securities and Exchange Commission (Sebi) has requested merchant bankers to post the investor charter for REIT public offerings, as well as InvITs and private placements of municipal debt securities, on their websites.

The public issue of debt securities, the public issue of non-convertible redeemable preference shares, and the private placement of debt securities and non-convertible redeemable preference shares are the other categories for which merchant bankers must disclose investor charters.

Sebi has also advised RTAs to take the appropriate steps to bring the investor charter to the attention of existing and potential shareholders by posting it on their websites and displaying it prominently in their offices.

The investor charter will also be available on the Registrar Association of India’s website.

In addition, Sebi has requested RTAs and merchant bankers to publish data on complaints received against them and how they were resolved on their websites, in an effort to increase transparency in the investor grievance redressal process.

According to Sebi, these must be disclosed by the 7th of the next month at the latest.

Furthermore, the authority has established a structure for disclosing complaint data on its websites.

RTAs and merchant bankers will be required to disclose information such as complaints received during the month, those carried forward from the previous month, complaints pending for more than three months, complaints resolved, and the average time it takes to resolve a complaint, among other things.

On Tuesday, the Securities and Exchange Board of India (Sebi) asked merchant bankers to post the investor charter for initial public offerings (IPOs), further public offerings (FPOs), rights issues, qualified institutions placements, preferential issues, buybacks of securities, delisting of equity shares, and substantial acquisitions of shares and takeovers on their websites.

Furthermore, it requested that stock exchanges, depositories, and clearing firms publish data on complaints filed against them and how they were resolved on their websites.

Last Thursday, the Securities and Exchange Board of India (Sebi) published an investor charter.

This charter outlines investors’ rights and obligations, as well as the dos and don’ts of securities market investing.

The charter aims to defend “investors’ interests by enabling them to understand the risks involved and invest in a fair, transparent, and secure market, as well as to receive fast and efficient services.”

The rights include receiving fair and equitable treatment, as well as expecting timely remedy of investor concerns submitted in SCORES.

A second investor charter for market infrastructure organisations, such as stock exchanges, clearing firms, and depositories, has also been established by the market regulator.

To Read the Circular Download PDF Given Below :

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