Regulation 16A - Appointment of compliance officer - Securities and Exchange Board of India (Bankers to an Issue) Regulations, 1994

1 [Appointment of compliance officer. 16A. (1) Every banker to an issue shall appoint a compliance officer who shall be responsible for monitoring the compliance of the Act, rules and regulations, notifications, guidelines, instructions, etc., issued by the Board or the Central Government and for redressal of investors grievances. (2) The compliance officer shall immediately and independently report to the Board any non-compliance observed by him.] *************** NOTES:- 1 Inserted by the Securities and Exchange Board of India (Investment Advise by Intermediaries) (Amendment) Regulations, 2001, w.e.f. 29-05-2001.