The Securities and Exchange Board of India (SEBI) on August 29, 2024, issued the Consultation paper on Maintenance of Record of Mandatory Communication by Regulated Entities.
The following has been stated namely: -
• It is proposed that the regulated entities maybe mandated to maintain the record of all communication, that are mandated to be communicated under the respective governing regulations and the circulars issued thereunder, by inserting the following provision in the respective governing regulations:
“Wherever under these regulations or the circulars issued thereunder, the [Name of the class of regulated entity] is mandated to make any communication, the [Name of the class of regulated entity] shall:
I. Maintain the record of such communication and wherever applicable, the acknowledgement thereof, for a period not less than eight years from the date of such communication; and
ii. Make record of such communication and wherever applicable, the acknowledgement thereof, available to SEBI upon being required to furnish such records.”
• Comments/suggestions should be submitted by any of the following modes latest by September 13, 2024, by clicking on this link.
