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TMI BlogSecurities and Exchange Board of India (Investment Advice by Intermediaries) (Amendment) Regulations, 2001.X X X X Extracts X X X X X X X X Extracts X X X X ..... Officer - (1) Every banker to an issue shall appoint a compliance officer who shall be responsible for monitoring the compliance of the Act, rules and regulations, notifications, guidelines, instructions etc issued by the Board or the Central Government and for redressal of investors' grievances. (2) The compliance officer shall immediately and independently report to the Board any non-compliance observed by him." 2. In Schedule III, after clause (7), a new clause (8) shall be inserted as under - "(8)(a) A banker to an issue 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 long or short position in the said security has been made, while rendering such advice. (b) In case, an employee of the banker to an issue is rendering such advice, he shall also disclose the interest of his dependent family members and the employer including their long or short position in the said security, while rendering such advice." Securities and Exchange Board of India,(Credit Rating Agencies) Regulations, 1999 1. After ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... their long or short position in the said security, while rendering such advice." Securities and Exchange Board of India,(Debenture Trustees) Regulations, 1993 1. After regulation 17 a new regulation17A shall be inserted as under - "17A. Appointment of Compliance Officer - (1) Every debenture trustee shall appoint a compliance officer who shall be responsible for monitoring the compliance of the Act, rules and regulations, notifications, guidelines, instructions etc issued by the Board or the Central Government and for redressal of investors' grievances. (2) The compliance officer shall immediately and independently report to the Board any non-compliance observed by him." 2. In Schedule III, after clause (7) another clause (8) shall be inserted as under - "(8) (a) A debenture trustee 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 long or short position in the said security has been made, while rendering such advice. (b) In case, an employee of the debenture trustee is rendering such advice, he ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tutional Investor shall appoint a compliance officer who shall be responsible for monitoring the compliance of the Act, rules and regulations, notifications, guidelines, instructions etc issued by the Board or the Central Government." (2) The compliance officer shall immediately and independently report to the Board any non-compliance observed by him." Securities and Exchange Board of India, (Merchant Bankers) Regulations, 1992 1. After regulation 28 a new regulation 28A shall be inserted as under - "28A. Appointment of Compliance Officer - (1) Every merchant banker shall appoint a compliance officer who shall be responsible for monitoring the compliance of the Act, rules and regulations, notifications, guidelines, instructions etc issued by the Board or the Central Government and for redressal of investors' grievances. (2.)The compliance officer shall immediately and independently report to the Board any non-compliance observed by him and ensure that the observations made or deficiencies pointed out by the Board on / in the draft prospectus or the Letter of Offer as the case may be, do not recur." 2. In Schedule III, after clause (8) ,a new clause (8A) shall be inserte ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Act, rules and regulations, notifications, guidelines, instructions etc issued by the Board or the Central Government and for redressal of investors' grievances. (2.) The compliance officer shall immediately and independently report to the Board any non-compliance observed by him 2. In Schedule III, after clause (10) a new clause (11) shall be inserted as under - "(11) (a) A portfolio manager 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 long or short position in the said security has been made, while rendering such advice. (b) In case, an employee of the portfolio manager is rendering such advice, he shall also disclose the interest of his dependent family members and the employer including their long or short position in the said security, while rendering such advice." Securities and Exchange Board of India, (Registrars to an Issue and Share Transfer Agents) Regulations, 1993 1. After regulation 15 a new regulation 15A shall be inserted as under - "15A. Appointment of Compliance Officer - (1.) Every regist ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... stock broker is rendering such advice, he shall also disclose the interest of his dependent family members and the employer including their long or short position in the said security, while rendering such advice." (ii). Under the head "CODE OF CONDUCT FOR SUB-BROKERS", after clause B (7) a new clause (7 A) shall be inserted as under - "7A - Investment Advice in publicly accessible media - (a) A sub-broker or any of his employees shall not render, directly and 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 his long or short position in the said security has been made, while rendering such advice. (b) In case, an employee of the sub-broker is rendering such advice, he shall also disclose the interest of his dependent family members and the employer including their long or short position in the said security, while rendering such advice." Securities and Exchange Board of India, (Underwriters) Regulations, 1993 1. After regulation 17 a new regulation 17A shall be inserted as under - "17A. Appointment of Compliance Officer - (1.) Every underwriter shall a ..... X X X X Extracts X X X X X X X X Extracts X X X X
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