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Investor Charter – SEBI

Current Affairs

Markets regulator SEBI came out with an investor charter recently. Investor charter was first proposed in the Union Budget 2021-2022 with the aim to protect investors from mis-selling of financial products.

Aim: It is aimed at protecting the interest of investors in the securities market.

Vision of Investor Charter: to protect the interests of investors by enabling them to understand the risks involved and invest in a fair, transparent, secure market, and to get services in a timely and efficient manner.

Rights of Investors

According to Investor Charter, investors will get the right to:

  • fair and equitable treatment
  • time-bound redressal of investor grievances filed in SEBI Complaints Redress System (SCORES) portal
  • getting quality services from SEBI-recognised market infrastructure institutions and SEBI-registered intermediaries, regulated entities and asset management companies

Responsibilities of Investors

  • Dealing with SEBI-recognised market infrastructure institutions as well as SEBI-registered regulated entities or intermediaries.
  • Update their contact details like address, email id, mobile number, nomination and other KYC details.
  • Ensure grievances are taken up by concerned entities in a time-bound manner.
  • Ensure that their accounts are operated for their own benefits only.

SOURCE: https://www.thehindu.com/business/markets/sebi-unveils-investor-charter/article37549577.ece

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