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Old 23-03-2011, 10:23 PM
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Default SEBI Circular on Spreading of Unauthenticated Rumors by Market Intermediaries

SEBI has issued a circular for SEBI regulated Market Intermdiaries (Brokers / Stock Exchange employees etc) today.

The entire order can be read as an attachment or via this link
http://www.sebi.gov.in/circulars/2011/cirisd12011.pdf

Co-operation from Inditrader Members is solicited to ensure that unsubstantiated rumor posts are not posted on the forums.


===
3. In view of the above facts, SEBI Registered Market Intermediaries are directed that:

• Proper internal code of conduct and controls should be put in place.

• Employees/temporary staff/voluntary workers etc. employed/working in the
Offices of market intermediaries do not encourage or circulate rumours or
unverified information obtained from client, industry, any trade or any other
sources without verification.

• Access to Blogs/Chat forums/Messenger sites etc. should either be
restricted under supervision or access should not be allowed.

• Logs for any usage of such Blogs/Chat forums/Messenger sites (called by
any nomenclature) shall be treated as records and the same should be
maintained as specified by the respective Regulations which govern the
concerned intermediary.

• Employees should be directed that any market related news received by
them either in their official mail/personal mail/blog or in any other manner,
should be forwarded only after the same has been seen and approved by
the concerned Intermediary’s Compliance Officer. If an employee fails to do so,
he/she shall be deemed to have violated the various provisions
contained in SEBI Act/Rules/Regulations etc. and shall be liable for actions.
Attached Files
File Type: pdf cirisd12011.pdf (29.8 KB, 3 views)
File Type: rar SEBI_Order_23-3-0110001.rar (997.2 KB, 2 views)
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  #2 (permalink)  
Old 23-03-2011, 10:27 PM
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Default

In case of any doubts/ clarifications you can contact the NSE Inspection department via the details mentioned in the attachment to this post.
Attached Files
File Type: pdf insp17326.pdf (37.0 KB, 5 views)
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