Vault manager liability: specified defaults trigger enforcement under intermediaries' regulatory framework and disciplinary mechanism. Regulation 27 specifies that a Vault Manager who contravenes the Act, associated rules or these regulations, fails to furnish information or reports, furnishes false information, does not cooperate with enquiries or inspections, fails to update systems per Board recommendations, fails to resolve complaints or breaches the Third Schedule Code of Conduct, or fails to pay fees, shall be dealt with under the Securities and Exchange Board of India (Intermediaries) Regulations, 2008.
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.
Vault manager liability: specified defaults trigger enforcement under intermediaries' regulatory framework and disciplinary mechanism.
Regulation 27 specifies that a Vault Manager who contravenes the Act, associated rules or these regulations, fails to furnish information or reports, furnishes false information, does not cooperate with enquiries or inspections, fails to update systems per Board recommendations, fails to resolve complaints or breaches the Third Schedule Code of Conduct, or fails to pay fees, shall be dealt with under the Securities and Exchange Board of India (Intermediaries) Regulations, 2008.
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