MUMBAI, Jan 30 (PTI): Market regulator SEBI on Friday directed the depositories – NSDL and CSDL – to disclose details of complaints lodged by investors against intermediaries, on their website.
The move is aimed at increasing transparency in the grievance redressal mechanism and improving the general functioning of the market by providing investors the wherewithal to make an informed choice.
“Depositories shall henceforth disclose the details of complaintslodged by beneficiary owners/ investors against depository participants in their website. The aforesaid disclosure shall also include details pertaining to arbitration and penal action action the DPs,” the a SEBI circular said.
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