Regulatory directions empower restriction of research recommendations and market access following inspection and hearing safeguards. The Board, after considering an inspection report and giving a reasonable opportunity of hearing, may direct research analysts or research entities and their partners, directors, principal officer and persons associated with research services to refrain from issuing research recommendations for a specified period, to refund fees or commissions to concerned clients with requisite interest, and to be prohibited from operating in or accessing the capital market for a specified period.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Regulatory directions empower restriction of research recommendations and market access following inspection and hearing safeguards.
The Board, after considering an inspection report and giving a reasonable opportunity of hearing, may direct research analysts or research entities and their partners, directors, principal officer and persons associated with research services to refrain from issuing research recommendations for a specified period, to refund fees or commissions to concerned clients with requisite interest, and to be prohibited from operating in or accessing the capital market for a specified period.
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