Markets regulator SEBI on Wednesday got here out with an investor constitution aimed toward defending the curiosity of traders within the securities market.
The imaginative and prescient of the investor constitution is “to guard the pursuits of traders by enabling them to grasp the dangers concerned and put money into a good, clear, safe market, and to get companies in a well timed and environment friendly method”.
The rights embody getting truthful and equitable therapy, and anticipating redressal of investor grievances filed within the SCORES portal in a time-bound method.
“This additionally contains getting high quality companies from SEBI-recognised market infrastructure establishments and SEBI-registered intermediaries, regulated entities and asset administration corporations,” the constitution mentioned.
SEBI has additionally laid out duties in addition to and dos and don’ts for traders.
“Redressal of investor grievances is a vital measure in direction of investor safety,” the regulator mentioned.
SEBI added that it now publishes a standing report concerning the disposal of investor grievances acquired on SCORES portal, on a month-to-month foundation.
“A mechanism has been established whereby all SEBI regulated intermediaries/entities should disclose the typical time taken for redressal of investor grievances acquired by them, on their respective web sites in a format specified by SEBI ranging from January 2022,” the regulator mentioned.
SEBI added that it has additionally put in place an alternate dispute redressal mechanism for grievances in opposition to brokers, depository contributors on the stage of inventory exchanges and depositories.