CODE OF CONDUCT FOR PARTICIPANTS

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....orts to protect the interests of investors. 2. A participant shall always endeavour to- (a) render the best possible advice to the clients having regard to the clients needs and the environments and his own professional skills; (b) ensure that all professional dealings are effected in a prompt, effective and efficient manner; (c) inquiries from investors are adequately dealt with; (....

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....dvance notice to the beneficial owners. 7. A participant shall not indulge in any unfair competition, which is likely to harm the interests of other participants or investors or is likely to place such other participants in a disadvantageous position while competing for or executing any assignment. 8. A participant shall not make any exaggerated statement whether oral or written to the clien....

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.... under the Securities and Exchange Board of India (Ombudsman) Regulations, 2003. 12. A participant shall not make any untrue statement or suppress any material fact in any documents, reports, papers or information furnished to the Board. 13. A participant shall not neglect or fail or refuse to submit to the Board or other agencies with which it is registered, such books, documents, correspon....

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.... not lost or destroyed. It shall also ensure that for electronic records and data, up-to-date back up is always available with it. 18. A participant shall provide adequate freedom and powers to its compliance officer for the effective discharge of his duties. 19. A participant shall ensure that it has satisfactory internal control procedures in place as well as adequate financial and operati....