9911796707
TMI BlogCode of ConductX X X X Extracts X X X X X X X X Extracts X X X X ..... issemination to all investors of adequate, accurate, explicit and timely information fairly presented in a simple language about the asset pools, transactions & arrangements with originator, credit enhancer, underwriter, liquidity provider, securitised debt instruments, financial position, credit ratings and general affairs of the scheme or any other party to the securitisation or regulated activity. 3. A special purpose distinct entity and its trustee shall avoid conflicts of interest in managing the affairs of the schemes and other regulated activities and shall keep the interest of all investors paramount in all matters. 3[3A. A special purpose distinct entity and its trustee shall ensure that good corporate policies and corporate gove ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... exercise due diligence and independent professional judgment and take reasonable care and skill in performing its functions. 10. A special purpose distinct entity and its trustee shall not make any exaggerated statement, whether oral or written, either about their qualifications or capability to render services or their achievements or in respect of asset pools. 11. A special purpose distinct entity and its trustee shall always ensure that the debt and receivables acquired by it are through a genuine transaction amounting to a true sale and legally realizable by it. 1[12. A special purpose distinct entity and its trustee shall fulfill its obligations in a prompt, ethical and professional manner. 13. A special purpose distinct entity and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... be listed in any stock exchange to any person or intermediary.] 5[18. A special purpose distinct entity and its trustee shall take all reasonable steps to establish the true and full identity of each of its clients, and of each client's financial situation and maintain record of the same. 19. The trustee shall ensure that any change in registration status or any penal action taken by Board or any material change in financial position which may adversely affect the interests of investors is promptly informed to the clients and any business remaining outstanding is transferred to another registered intermediary in accordance with any instructions of the affected clients. 20. A special purpose distinct entity and its trustee shall put in p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... identity and status of employees and others acting on its behalf with whom the holder may have to contact. 26. A special purpose distinct entity and its trustee shall ensure that adequate disclosures are made to the holders of securitised debt instrument and security receipt, in a comprehensible and timely manner so as to enable them to make a balanced and informed decision. 27. A trustee shall endeavour to ensure that- (a) inquiries from holders of securitised debt instrument and security receipt are adequately dealt with; (b) grievances of holders of securitised debt instrument and security receipt are redressed in a timely and appropriate manner; and (c) where a complaint is not remedied promptly, the holders of securitised debt ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ee is rendering such advice, such entity shall ensure that he discloses his interest, the interest of his dependent family members and that of the employer, including their long or short position in the said security, while rendering such advice. 34. A special purpose distinct entity and its trustee shall ensure that any person it employs or appoints to conduct business is fit and proper and otherwise qualified to act in the capacity so employed or appointed (including having relevant professional training or experience). 35. A special purpose distinct entity and its trustee shall ensure that it has adequate resources to supervise diligently and does supervise diligently persons employed or appointed by it to conduct business on its behal ..... X X X X Extracts X X X X X X X X Extracts X X X X
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