INSUBCONTINENT EXCLUSIVE:
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
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.
