Description

BSE provides user manual for reporting impersonation cases through the IA/RA Membership portal's Report Impersonation module.

Summary

BSE has issued a user manual for the Report Impersonation module within the IA/RA Membership portal. This portal allows Research Analysts (RAs) and Investment Advisors (IAs) to report cases of impersonation and unauthorized market practices. BSE serves as the designated supervisory body for these professionals under SEBI’s mandate.

Key Points

  • Portal accessible through IA/RA Membership login with username, password, captcha and OTP
  • Report Impersonation module located under ‘RAIA Inspection’ section
  • Members can create new complaints, view existing complaints, and edit filed complaints
  • Export functionality available in Excel and PDF formats
  • Search option provided for quick navigation through multiple complaints
  • Maximum 5 bank details can be added per complaint
  • File upload limit set at 5MB maximum

Regulatory Changes

No new regulatory changes introduced. This is a user manual for existing reporting functionality.

Compliance Requirements

  • Research Analysts and Investment Advisors must use the designated BSE portal for reporting impersonation cases
  • Complete all required form details when filing new complaints
  • Maintain accuracy in bank details (maximum 5 permitted)
  • Ensure file uploads do not exceed 5MB limit

Important Dates

No specific dates mentioned. Portal is currently operational for immediate use.

Impact Assessment

This manual enhances the ability of legitimate RAs and IAs to report fraudulent activities, potentially improving market integrity and investor protection. The systematic approach to complaint filing and tracking should help BSE in its supervisory role and assist in combating unauthorized market practices.

Impact Justification

Important for IA/RA professionals to report impersonation but not market-wide impact