Appointment of Compliance officer

Mar 01, 1995

Circulars

SR. EXECUTIVE DIRECTOR

March 1, 1995
NO.SMD/SED/CIR/95/005

TO,

THE EXECUTIVE DIRECTOR OF
ALL STOCK EXCHANGES

Dear Sir,

Appointment of Compliance officer

SEBI is examining the question of appointing a Compliance Officer for each stock exchange whose function would be to ensure that violations of stock exchange rules and regulations do not remain undetected or unreported. We feel that such an Officer should be identified by the stock exchange from within its own officials and should report any instances of violation directly to the Executive Director.

We would request you to send your suggestions to us in this regard by March 20, 1995 at the latest.

Yours faithfully,
sd/-

C B BHAVE

cc: Dr.P.J. Nayak
     Jt. Secretary (ECB & Inv)
    Dept. of Economic Affairs
    Ministry of Finance
    Government of India
    North Block,
    NEW DELHI 110 001.