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    <title>Comprehensive guidelines for Investor Protection Fund and Investor Services Fund at Stock Exchanges and Depositories</title>
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    <description>Regulatory framework requires recognized stock exchanges and depositories to maintain segregated Investor Protection Funds administered by dedicated trusts with prescribed trustee composition, tenure and reporting. Specified contributions from listing fees, deposits, penalties and depository profits must be made; investment policies must prioritise capital protection and diversification. Uses are restricted to meeting legitimate investor claims, strengthening corpus and investor education, with detailed SOPs for member default, claim invitation, processing, auditing, committee approval and disbursement, plus disclosure, review and corpus adequacy review obligations.</description>
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