Board inspection powers enable regulators to examine depository participant records and probe compliance to protect investors. Board's right to inspect empowers the Securities and Exchange Board to appoint inspecting authorities, suo moto or on complaints, to examine books, ... Summary
Referred In :
Securities and Exchange Board of India (Foreign Portfolio Investors) Regulations, 2019
Board inspection powers enable regulators to examine depository participant records and probe compliance to protect investors.
Board's right to inspect empowers the Securities and Exchange Board to appoint inspecting authorities, suo moto or on complaints, to examine books, telephone and electronic records and documents of a designated depository participant to verify maintenance of records, compliance with securities laws and directions, adequacy of systems, procedures and safeguards, and to assess fitness, investigate complaints and conduct suo moto inquiries in the interest of market integrity and investor protection.
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