Dear All,

With a view to enhancing awareness of investors about the various activities which an investor deals with while availing the services provided by research analysts, an investor charter has been published by SEBI on December 13, 2021.

It details different services provided by the research analysts to the investors like details of service provided to investors, their rights, dos and don’ts, responsibilities, investor grievance handling mechanism and estimated timelines thereof etc.

The same may be accessed from below link:

http://csmeghakyal.in/2021/12/13/ra-investor-charter-december-13-2021/

Primary action point(s) to note here are as below (Applicable from January 01, 2022):

1. Display Annexure A on your websites and mobile applications. If website or mobile application is not there, send copy of Annexure A to your clients via email once and to new clients as part of on-boarding.
2. Disclose the status of complaints on your website in format as provided in Annexure B of the circular by 7th of the succeeding month. If website is not there, send it on their registered email on a monthly basis.
3. Display link/option to lodge complaint with you directly on your websites and mobile apps. Additionally, display a link to SCORES website/ link to download mobile app (SEBI SCORES) may also be provided.
4. Publish research report based on your research activities
5. Provide an independent unbiased view on securities
6. Offer unbiased recommendation, disclosing the financial interests in recommended securities
7. Provide research recommendation, based on analysis of publicly available information and known observations
8. Conduct compliance audit of your research and recommendations services annually
9. Define a process of Onboarding of Clients
10. Distribute research reports and recommendations to the clients without discrimination and disclose the same to the clients
11. Maintain confidentiality w.r.t publication of the research report until made available in the public domain.
12. Ensure that grievances are resolved within 30 days

As and when there is a new information in this regard, we would try to disseminate the same to you for information and compliance.

For any query you can connect to us at +91 98197 28359 or email your queries to mail@csmeghakyal.in.

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Disclaimer: The views and opinions expressed herein are my personal views and opinions and do not necessarily reflect the official policy and position of any other agency, organization, employer or company. Assumptions made in the analysis are not of the position of any entity other than me. I make no representations as to accuracy, completeness, correctness, suitability or validity of any information and will not be liable for any errors, omissions or damages arising from its use. It is reader’s responsibility to verify their own facts.