Investor Charter – Stock Brokers

Annexure-A

Investor Charter – Stock Brokers

VISION

To follow highest standards of ethics and compliances while facilitating the trading by clients in securities in a fair and transparent manner, so as to contribute in creation of wealth for investors.

MISSION

i)To provide high quality and dependable service through innovation, capacity enhancement and use of technology.

ii)To establish and maintain a relationship of trust and ethics with the investors.

iii)To observe highest standard of compliances and transparency.

iv)To always keep ‘protection of investors’ interest’ as goal while providing service.

Services provided to Investors

•Execution of trades on behalf of investors.

•Issuance of Contract Notes.

•Issuance of intimations regarding margin due payments.

•Facilitate execution of early pay-in obligation instructions.

•Settlement of client’s funds.

•Intimation of securities held in Client Unpaid Securities Account (CUSA) Account.

•Issuance of retention statement of funds.

•Risk management systems to mitigate operational and market risk.

•Facilitate client profile changes in the system as instructed by the client.

•Information sharing with the client w.r.t. exchange circulars.

•Redressal of Investor’s grievances.

Rights of Investors

•Ask for and receive information from a firm about the work history and background of the person handling your account, as well as information about the firm itself.

•Receive complete information about the risks, obligations, and costs of any investment before investing.

•Receive recommendations consistent with your financial needs and investment objectives.

•Receive a copy of all completed account forms and agreements.

•Receive account statements that are accurate and understandable.

•Understand the terms and conditions of transactions you undertake.

•Access your funds in a timely manner and receive information about any restrictions or limitations on access.

•Receive complete information about maintenance or service charges, transaction or redemption fees, and penalties.

•Discuss your grievances with compliance officer of the firm and receive prompt attention to and fair consideration of your concerns.

Handling of Investor’s claims / complaints in case of default of a Trading Member / Clearing Member (TM/CM)

Default of TM/CM

Following steps are carried out by Stock Exchange for benefit of investor, in case stock broker defaults:

•Circular is issued to inform about declaration of Stock Broker as Defaulter.

•Information of defaulter stock broker is disseminated on Stock Exchange website.

•Public Notice is issued informing declaration of a stock broker as defaulter and inviting claims within specified period.

•Intimation to clients of defaulter stock brokers via emails and SMS for facilitating lodging of claims within the specified period.

Following information is available on Stock Exchange website for information of investors:

•Norms for eligibility of claims for compensation from IPF.

•Claim form for lodging claim against defaulter stock broker.

•FAQ on processing of investors’ claims against Defaulter stock broker.

•Provision to check online status of client’s claim.

Level 3 – The complaint not redressed at Stock Broker / Stock Exchange level, may be lodged with SEBI on SCORES (a web based centralized grievance redressal system of SEBI) @ https://scores.gov.in/scores/Welcome.html