Underwriter Code of Conduct requires disclosure, conflict resolution, confidentiality and prohibition on insider trading by intermediaries. Amendment substitutes Schedule III prescribing a Code of Conduct for Underwriters requiring protection of client interests, integrity, due diligence, confidentiality, and avoidance of misleading statements. It mandates disclosure and resolution of conflicts of interest, disclosure of interests when giving public investment advice, and a prohibition on insider trading and market manipulation. Underwriters must maintain internal controls, adequate supervisory and financial capacity, empower compliance officers, adopt internal codes of conduct, ensure personnel are fit and proper, and notify SEBI of material legal actions or adverse changes affecting clients.
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.
Underwriter Code of Conduct requires disclosure, conflict resolution, confidentiality and prohibition on insider trading by intermediaries.
Amendment substitutes Schedule III prescribing a Code of Conduct for Underwriters requiring protection of client interests, integrity, due diligence, confidentiality, and avoidance of misleading statements. It mandates disclosure and resolution of conflicts of interest, disclosure of interests when giving public investment advice, and a prohibition on insider trading and market manipulation. Underwriters must maintain internal controls, adequate supervisory and financial capacity, empower compliance officers, adopt internal codes of conduct, ensure personnel are fit and proper, and notify SEBI of material legal actions or adverse changes affecting clients.
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