Whistleblower protection: stock brokers must provide confidential reporting channels and safeguards for reporting fraud and governance breaches.

Stock brokers must establish and maintain a documented whistle blower policy providing a confidential channel to report suspected fraud, unethical practices, regulatory or legal violations, or governance vulnerabilities, and the policy must include procedures ensuring adequate protection of whistle blowers. Complaints against directors, senior executives or promoters are to be addressed to the audit committee or analogous body, while complaints against other employees are to be made to the compliance officer.

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