SEBI publishes Investor charter in respect of portfolio management services.
In order to enhance transparency in the Investor Grievance Redressal Mechanism, all Portfolio Managers on a monthly basis shall disclose on their websites, the data pertaining to all complaints including SCORES complaints received by them in the prescribed format. The information shall be made available by 7th of the succeeding month.
SEBI directs mutual funds to disclose investors charter and complaint data’s on their website.
Mutual Funds are advised to display link/option to lodge complaint with them directly on their websites and mobile apps. Additionally, link to SCORES website/ link to download mobile app (SEBI SCORES) shall also be provided on their website.
SEBI introduces investor charter for Alternative Investment Funds (AIF) and mandates complaint disclosure.
AIFs, shall bring investor charter to the notice of investors through private placement memorandum(PPM) in case of new schemes and for existing schemes, as a one-time measure, they should disclose it to the investors on their registered e-mail.
Clarification regarding amendment to SEBI (Portfolio Managers) Regulations, 2021
Portfolio Managers shall submit a monthly report regarding their portfolio management activity, on SEBI Intermediaries Portal within 7 working days of the end of each month, as per the revised format which includes details of Co-investment offered by Portfolio Manager.
SEBI notifies PMS transactions in corporate bonds through RFQ platform.
All transactions in corporate bonds (CBs) wherein PMS is on both sides of the trade shall be executed through RFQ in one-to-one (OTO) mode. However, any transaction entered by PMS in CBs in one to many mode (OTM) which gets executed with another PMS, shall be counted in OTM mode.
The Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) (Third Amendment) Regulations, 2021.
Notwithstanding anything contained in these regulations and the Delisting Regulations, in the event the acquirer makes a public announcement of an open offer for acquiring shares or voting rights or control of a target company in terms of sub-regulation (1) of regulation 3, regulation 4 or regulation 5, the acquirer may seek the delisting of the target company by making a delisting offer in accordance with this regulation.
SEBI directs stock brokers to disclose investor’s charter, compliant data on websites.
In order to facilitate investor awareness about several activities which an investor deals with such as opening of an account, KYC and in-person verification, process for dematerialization and complaint resolution, Sebi, in consultation with the market participants, has prepared an investor charter for stockbrokers inter-alia detailing the services provided to Investors, Rights of Investors, various activities of Stock Brokers with timelines, DOs and DON’Ts for Investors and Grievance Redressal Mechanism.
SEBI directs Debenture trustee to publish Investor Charter and disclose data on complaints on their websites.
In order to facilitate investor awareness about various activities where an investor has to deal with DTs for availing various services, SEBI has developed an Investor Charter for DTs, inter-alia detailing the services provided to Investors, timelines for various DT services provided, Rights and Obligations of Investors and Grievance Redressal Mechanism.
Broker dealers incorporated in IFSC are permitted to access exchanges outside IFSC.
The broker-dealers play a significant role in development of the capital market ecosystem, particularly retail participation. The Expert Committee Report on IFSC International Retail Business Development had recommended that the broker dealers in the IFSC may be provided access to global markets.
SEBI Investor Charter for RTAs
All registered Merchant Bankers are hereby advised to disseminate the Investor Charter on their websites/through e-mail and to displaying the Investor charter at prominent places in offices.
