SEBI has asked merchant banks to share their financier charters and complaints dataNew Delhi: Securities and Exchange Board of India (SEBI) has actually directed merchant bankers to disclose their financier charter in addition to information pertaining to problems they got on their sites for personal positioning of units by infrastructure investment trusts (InvITs), that are proposed to be listed.
The new guidelines will enter into impact from January 1, 2022, the marketplace regulator said in a notice.
With a view to offering financiers pertinent info about the primary market issuances by InvITs, a financier charter has been prepared by SEBI in consultation with merchant bankers for private positioning of units by InvITs propose to be listed.The charter is a short file containing different services to financiers at a single place for ease of referral.
SEBI has actually asked all signed up merchant bankers to disclose on their websites, the charter for personal placement of units by InvITs proposed to be listed.Additionally, in order to produce openness in the financier complaint redressal mechanism, the regulator has actually directed merchant bankers to disclose on their particular sites, the data on complaints received against them or versus concerns dealt by them.
The data require to be revealed newest by the 7th of the prospering month, it said.In addition to this, the regulator has likewise prescribed a format for divulging data of complaints on their websites.
Under the disclosure, merchant lenders will have to reveal information about grievances received throughout the month, complaints carried forward from the preceding month, fixed, overall pending grievances, grievances pending for more than three months and typical time taken in resolution of a complaint.