Description

BSE introduces online portal for Research Analysts and Investment Advisors to report impersonation cases as part of supervisory responsibilities.

Summary

BSE has launched an online portal enabling Research Analysts (RAs) and Investment Advisors (IAs) to report impersonation cases. This initiative is part of BSE’s role as the designated supervisory body for these professionals, as mandated by SEBI. The portal includes a ‘Report Impersonation’ module within the IA/RA Membership portal.

Key Points

  • BSE acts as designated supervisory body for Research Analysts and Investment Advisors under SEBI mandate
  • New ‘Report Impersonation’ module available in IA/RA Membership portal
  • Portal supports all browsers and requires login with username, password, captcha, and OTP
  • 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

Regulatory Changes

Introduction of structured digital reporting mechanism for impersonation cases affecting Research Analysts and Investment Advisors, strengthening regulatory oversight and market protection.

Compliance Requirements

  • Research Analysts and Investment Advisors must use the designated BSE portal for reporting impersonation cases
  • Complete all required fields in the complaint form
  • Provide bank details (maximum 5 bank accounts can be added)
  • File uploads limited to 5MB maximum size
  • Follow proper login procedures with multi-factor authentication

Important Dates

No specific deadlines mentioned - portal is now available for immediate use by registered RAs and IAs.

Impact Assessment

This initiative enhances market integrity by providing a structured mechanism for reporting fraudulent activities. It strengthens the regulatory framework for supervising Research Analysts and Investment Advisors, potentially reducing unauthorized market practices and protecting investors from impersonation fraud.

Impact Justification

Provides important compliance tool for RAs and IAs to report fraudulent activities, enhancing market integrity