(1) A depository or a participant or any of their employees shall not render, directly or indirectly, any investment advice about any security in the publicly accessible media, whether real-time or non-real-time, unless a disclosure of his interest including long or short position in the said security has been made, while rendering such advice.
31
(2) In case an employee of the depository or the participant is rendering such advice, he shall also disclose the interest of his dependent family members and the employer including their long or short position in the said security, while rendering such advice.
Appointment of compliance officer
81. A depository and a participant shall appoint a compliance officer who shall be responsible for monitoring the compliance of the Act, rules and regulations, notifications, guidelines, instructions, etc., issued thereunder and for redressal of investors’ grievances.
(2) The compliance officer shall immediately and independently report to the Board any noncompliance observed by him.
Equal, fair and transparent access
82. A depository shall ensure equal, unrestricted, transparent and fair access to all persons without any bias towards its associates and related entities.
CHAPTER VIII LISTING OF SECURITIES Listing