Compliance officer appointment requires Vault Managers to monitor legal compliance, independently report breaches, and provide quarterly grievance-redressal reports. Every Vault Manager must appoint a compliance officer to monitor compliance with the Act and applicable rules, regulations, notifications, guidelines, ... Summary
Compliance officer appointment requires Vault Managers to monitor legal compliance, independently report breaches, and provide quarterly grievance-redressal reports.
Every Vault Manager must appoint a compliance officer to monitor compliance with the Act and applicable rules, regulations, notifications, guidelines, circulars and directions, and to redress investors' grievances. The compliance officer must immediately and independently report observed non-compliance to the Board and submit quarterly reports, in the Board-specified manner, on compliance failures and investor-grievance redressal.
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