9911796707
TMI BlogCODE OF CONDUCT FOR UNDERWRITERSX X X X Extracts X X X X X X X X Extracts X X X X ..... e all professional dealings are effected in a prompt, efficient and effective manner. 5. An underwriter shall, at all times, render high standards of service, exercise due diligence, ensure proper care and exercise independent professional judgment. 6. An underwriter shall not make any statement, either oral or written, which would misrepresent- (a) the services that the underwriter is capable of performing for its client, or has rendered to any other issuer company; (b) his underwriting commitment. 7. An underwriter shall avoid conflict of interest and make adequate disclosure of his interest. 8. An underwriter shall put in place a mechanism to resolve any conflict of interest situation that may arise in the conduct of its business or wher ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... oard of India (Ombudsman) Regulations, 2003. 14. An underwriter shall ensure that the board is promptly informed about any action, legal proceedings, etc. initiated against it in respect of any material breach or non-compliance by it, of any law, rules, regulations, directions of the board or of any other regulatory body. 15. An underwriter shall not make any untrue statement or suppress any material fact in any documents, reports, papers or information furnished to the Board. 16. (a) An underwriter or any of his employees shall not render, directly or indirectly any investment advice about any security in the publicly accessible media, whether real-time or non-real-time, unless a disclosure of his interest including its long or short posit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... internal code of conduct for governing its internal operations and laying down its standards of appropriate conduct for its employees and officers in the carrying out of their duties. Such a code may extend to the maintenance of professional excellence and standards, integrity, confidentiality, objectivity, avoidance of conflict of interests, disclosure of shareholdings and interests, etc. 22. An underwriter shall ensure that good corporate policies and corporate governance is in place. 23. An underwriter shall ensure that any person it employs or appoints to conduct business is fit and proper and otherwise qualified to act in the capacity so employed or appointed (including having relevant professional training or experience). 24. An under ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
