Sebi releases master circular for RTAs. Key points explained here

The circular stipulates galore details ranging from registration to responsibilities, transportation related matters, capitalist grievance redressal, capitalist charter, cyber security, and relation of RTAs with respect to superior market, among different details.

Sebi’s maestro circular for RTAs dated May 17, 2024 was a compilation of applicable circulars issued by Sebi which were operational arsenic connected May 17, 2023. Thereafter assorted guidelines/ directions were issued to the RTAs by mode of circulars/ advisory.

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In presumption of this, this maestro circular dated May 7, 20024 has been prepared which present subsumes the maestro circular for RTAs dated May 17, 2023 and the consequent circulars connected the subject.

Investor grievances

All registered RTAs are advised to designate an email ID of the grievance redressal division/ compliance serviceman exclusively for  the intent of registering complaints by investors.         

They are advised to show the email ID and different applicable details prominently connected their websites and successful the assorted materials/ pamphlets/ advertisements for creating capitalist awareness.   

A regular alert connected pending complaints volition beryllium forwarded astatine the email id registered with Sebi for regulatory communications.

RTAs are besides advised to notation to this circular issued by SEBI dated Sep 20, 2023 connected the redressal of capitalist grievances done the SCORES platform and linking it to online quality resolution. 

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Submission of the nett worthy certificate

Every RTI (registrar to an issue)/ STA (share transportation agents) whether a assemblage firm oregon not, is meant to support and support successful respect of the 3 preceding fiscal years, connection of superior adequacy request for each quarter.

All RTIs/STAs are meant to taxable not aboriginal than 3 months from the adjacent of each fiscal year, a certified existent transcript of their nett worthy certificate.

Periodic reporting

The circular stipulates that reports relating to regulatory compliance and capitalist grievances redressal volition beryllium furnished to SEBI successful the format given.

The reports are to beryllium sent by the compliance serviceman of the RTI/STA connected a fractional yearly ground wrong 3 months of the expiry of the fractional year.

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The committee of the RTI and STA volition reappraisal the study and grounds their observations connected the deficiencies and non-compliances and corrective measures initiated to debar specified instances successful future.

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Published: 09 May 2024, 09:01 AM IST