Markets regulator Sebi today asked registrars and share transfer agents to comply with enhanced monitoring requirements, through implementation of internal policy framework and periodic reporting on key risk areas, data security measures and governance structures.
Apart from data security measures and governance structures, periodic reporting should also be done in areas like business continuity, measures taken for enhanced investor services, grievance redressal and insurance against risks.
In a circular, Sebi has asked qualified registrars to an issue and share transfer agent (QRTAs) to formulate and implement a comprehensive policy framework approved by the board of directors.
The comprehensive view of risks to the QRTAs include those emanating from vendors, third…
