Inspection powers enable regulatory authority to conduct suo motu or complaint-driven inspections, with notice subject to exceptions. The Authority may appoint inspecting authorities suo motu or on information/complaint to inspect a CMI's books, records, systems and procedures to ensure recordkeeping, regulatory compliance, adequate internal controls, intermediary fitness, and to investigate investor or market-related complaints; notice is required before inspection but may be dispensed with for investor-protection reasons recorded in writing; recognised market infrastructure institutions may inspect their members under byelaws and joint inspections with the Authority are permitted.
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.
Inspection powers enable regulatory authority to conduct suo motu or complaint-driven inspections, with notice subject to exceptions.
The Authority may appoint inspecting authorities suo motu or on information/complaint to inspect a CMI's books, records, systems and procedures to ensure recordkeeping, regulatory compliance, adequate internal controls, intermediary fitness, and to investigate investor or market-related complaints; notice is required before inspection but may be dispensed with for investor-protection reasons recorded in writing; recognised market infrastructure institutions may inspect their members under byelaws and joint inspections with the Authority are permitted.
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