Regulation 18I - Whistle blower policy - Securities and Exchange Board of India (Stock Brokers) Regulations, 1992

1 [Whistle blower policy. 18I. (1) The stock broker shall establish, implement and maintain documented whistle blower policy providing for a confidential channel for employees and other stakeholders to raise concerns about suspected fraudulent, unfair or unethical practices, violations of regulatory or legal requirements or governance vulnerability. (2) The policy should establish procedures to ensure adequate protection of the whistle blowers. (3) The complaints under this regulation against the Board of Directors including those against the Managing Director, Chief Executive Officer, key managerial personnel, Designated Directors or Promoter shall be addressed to the Audit Committee or other analogous body of the stock broker and the complaints against other employees shall be addressed to the Compliance Officer. ] ***************** NOTES:- 1. Inserted vide Notification No. SEBI/LAD-NRO/GN/2024/186 dated 27-06-2024