Notification No.: F. No. SEBI/LAD-NRO/GN/2025/228
Document Date: February 10, 2025
Applicable Act/Rule: Securities Exchange Board of India Act, 1992
Effective Date: Upon publication in the Official Gazette i.e, February 10, 2025
SEBI has framed Investor Charter to promote transparency, enhance awareness, trust and confidence among the investors. The Investor Charter, inter alia, includes the vision and mission statement, rights and responsibilities of investors, investor grievance redressal mechanism and Do’s and Don’ts for investing in securities market. The Investor Charter also gives a broader perspective of various rights and responsibilities of investors.
SEBI has introduced amendments to various regulations, requiring all registered market intermediaries such as stockbrokers, mutual funds, portfolio managers, investment advisers, and depositories to comply with the Investor Charter specified by SEBI.
Each intermediary must now incorporate the Investor Charter into its operations, following SEBI’s specified guidelines. This move standardizes investor rights and obligations across multiple market participants, ensuring greater accountability and consistency in service delivery.
Who is affected?
Stockbrokers, merchant bankers, share transfer agents, debenture trustees, mutual funds, portfolio managers, investment advisers, alternative investment funds, depositories, and more (refer below mentioned act/regulations).
What changes?
Compliance with the Investor Charter becomes mandatory for all intermediaries, ensuring uniform investor protection practices.
Ongoing updates: SEBI may modify the Investor Charter from time to time, requiring continuous adherence by intermediaries.
Following Act/Regulations are amended:
1.SEBI (Stock Brokers) Regulations, 1992
2. SEBI (Merchant Bankers) Regulations, 1992
3. SEBI (Registrars to an Issue and Share Transfer Agents) Regulations, 1993
4. SEBI (Debenture Trustees) Regulations, 1993
5. SEBI (Bankers to an Issue) Regulations, 1994
6. SEBI (Mutual Funds) Regulations, 1996
7. SEBI (Custodian) Regulations, 1996
8. SEBI (KYC (Know Your Client) Registration Agency) Regulations, 2011
9. SEBI (Alternative Investment Funds) Regulations, 2012
10.SEBI (Investment Advisers) Regulations, 2013
11. SEBI (Research Analysts) Regulations, 2014
12. SEBI (Real Estate Investment Trusts), Regulations, 2014
13. SEBI (Infrastructure Investment Trusts) Regulations, 2014
14. SEBI (Depositories and Participants) Regulations, 2018
15. SEBI (Foreign Portfolio Investors) Regulations, 2019
16. SEBI (Portfolio Managers) Regulations, 2020
17. SEBI (Vault Managers) Regulations, 2021.
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