Compliance officer appointment required: underwriters must monitor regulatory compliance, redress investor grievances and report non compliance immediately. Regulation 17A requires every underwriter to appoint a compliance officer responsible for monitoring compliance with the Act, rules, regulations, ... Summary
Compliance officer appointment required: underwriters must monitor regulatory compliance, redress investor grievances and report non compliance immediately.
Regulation 17A requires every underwriter to appoint a compliance officer responsible for monitoring compliance with the Act, rules, regulations, notifications, guidelines and instructions issued by the Board or the Central Government and for redressal of investors' grievances, and to immediately and independently report any observed non compliance to the Board.
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