Markets regulator Sebi on Thursday proposed to make it mandatory for all entities regulated by it to maintain communication records, including acknowledgements, for at least eight years.
The move is aimed at improving regulatory compliance, increase transparency, protect investors’ interest and boost their confidence in the securities market.
In its consultation paper, the regulator suggested that all entities regulated by it should maintain records of all required communications, including acknowledgements, for at least eight years as per their governing regulations.
These records must be made available to Sebi upon request, ensuring transparency and accountability.
The Securities and Exchange Board of India (Sebi) has sought comments on the consultation paper till September 13.
Under the current regulatory regime, Sebi-regulated entities are mandated to communicate various types of information to numerous stakeholders. This enables a regular and timely disbursal of information t
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