Sebi comes out with investor charter
Market regulator Sebi on Wednesday came out with investor charter for investors in securities market which aims at protecting investors' interest.
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."
See Zee Business Live TV Streaming Below:
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.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Retirement Planning: SIP+SWP combination; Rs 15,000 monthly SIP for 25 years and then Rs 1,52,000 monthly income for 30 years
Top Gold ETF vs Top Large Cap Mutual Fund 10-year Return Calculator: Which has given higher return on Rs 11 lakh investment; see calculations
Retirement Calculator: 40 years of age, Rs 50,000 monthly expenses; what should be retirement corpus and monthly investment
SBI 444-day FD vs Union Bank of India 333-day FD: Know maturity amount on Rs 4 lakh and Rs 8 lakh investments for general and senior citizens
EPF vs SIP vs PPF Calculator: Rs 12,000 monthly investment for 30 years; which can create highest retirement corpus
Home loan EMI vs Mutual Fund SIP Calculator: Rs 70 lakh home loan EMI for 20 years or SIP equal to EMI for 10 years; which can be easier route to buy home; know maths
05:49 PM IST