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.
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.
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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