Disclosure of Complaints against the Stock Exchanges (excluding Commodity Derivatives Exchanges)/Depositories/Clearing Corporations
Summary
The circular mandates Stock Exchanges, Depositories, and Clearing Corporations to disclose complaint data on their websites by the 7th of the succeeding month. This disclosure must follow the specific format provided in Annexure A and covers details such as receipt, resolution, and pending status. The provisions become effective from January 1, 2022, and require entities to amend their bye-laws and report implementation status via Monthly Development Reports.
Text
all the Stock Exchanges (excluding Commodity Derivatives Exchanges)/Depositories/Clearing Corporations shall disclose on their websites, the data on complaints received against them and redressal thereof, latest by 7th of succeeding month, as per the format enclosed at Annexure - ‘A’ to this circular.
These disclosure requirements are in addition to those already mandated by SEBI.
The provisions of this circular shall come into effect from January 01, 2022.
Make necessary amendments to the relevant bye-laws, rules and regulations.
Communicate to SEBI, the status of the implementation of the provisions of this circular through the Monthly Development Report (MDR).
This circular is issued in exercise of the powers conferred under Section 11(1) of the Securities and Exchange Board of India Act 1992 read with Section 10 of the Securities Contracts (Regulation) Act, 1956 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market.
Source: SecMarx — Disclosure of Complaints against the Stock Exchanges (excluding Commodity Derivatives Exchanges)/Depositories/Clearing Corporations. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.