Publishing of Investor Charter and disclosure of complaints by Debenture Trustees (DTs) on their Websites
Summary
SEBI mandates all registered Debenture Trustees to publish an Investor Charter on their websites and in offices. Registered DTs are required to disclose monthly complaint data and resolution statistics on their respective websites by the 7th of the succeeding month. These disclosure obligations apply in addition to existing SEBI mandates and come into effect from January 1, 2022.
Text
SEBI has developed an Investor Charter for DTs detailing services, timelines, rights, obligations, and grievance redressal mechanisms.
All registered DTs shall disseminate the Investor Charter on their websites/through e-mail and display it at prominent places in offices.
Trustee Association of India (TAI) shall disseminate the Investor Charter on its website.
Registered DTs shall disclose data on complaints received and redressal thereof on their websites latest by 7th of succeeding month as per Annexure-B format.
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.
This circular is issued in exercise of powers conferred by Section 11(1) of the Securities and Exchange Board of India Act, 1992 read with Regulation 2A of the SEBI (Debenture Trustees) Regulations, 1993.
Source: SecMarx — Publishing of Investor Charter and disclosure of complaints by Debenture Trustees (DTs) on their Websites. Verbatim text is public record; SecMarx structuring (linkage to applying orders) is cited to us.