RTA compliance standards tightened requiring enhanced record keeping, electronic payment reconciliation, and compulsory annual internal audits. SEBI mandates strengthened standards for RTAs, Issuer Companies and Bankers to an Issue requiring secure sharing and reconciliation of Dividend/Interest/Redemption master files, prioritisation of electronic payments with documented verification of bank details, cancellation and return of funds for unpaid instruments, and retention of reconciliation records for eight years. RTAs must maintain immutable folio histories, implement maker checker controls and front end only updates with system logs, provide certified quarterly member and debenture registers, pursue PAN/bank KYC collection for physical folios with notice procedures, and apply enhanced due diligence and system alerts for suspicious or long unpaid accounts. RTAs must undergo annual independent internal audits with specified auditor eligibility, reporting, and corrective action requirements.
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RTA compliance standards tightened requiring enhanced record keeping, electronic payment reconciliation, and compulsory annual internal audits.
SEBI mandates strengthened standards for RTAs, Issuer Companies and Bankers to an Issue requiring secure sharing and reconciliation of Dividend/Interest/Redemption master files, prioritisation of electronic payments with documented verification of bank details, cancellation and return of funds for unpaid instruments, and retention of reconciliation records for eight years. RTAs must maintain immutable folio histories, implement maker checker controls and front end only updates with system logs, provide certified quarterly member and debenture registers, pursue PAN/bank KYC collection for physical folios with notice procedures, and apply enhanced due diligence and system alerts for suspicious or long unpaid accounts. RTAs must undergo annual independent internal audits with specified auditor eligibility, reporting, and corrective action requirements.
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