Sebi Proposes Eight-Year Record Maintenance for Regulated Entities

The Securities and Exchange Board of India (Sebi) has proposed that all entities it regulates must maintain communication records, including acknowledgements, for at least eight years. This move aims to improve regulatory compliance, protect investors, and enhance transparency in the securities market. Public comments on the proposal are invited until September 13.

The Securities and Exchange Board of India (Sebi) on Thursday proposed new regulations requiring all entities it oversees to maintain communication records, including acknowledgements, for a minimum of eight years.

This initiative is intended to bolster regulatory compliance, transparency, and investor protection within the securities market, thereby boosting investor confidence.

The regulator's consultation paper suggests that maintaining these records would ensure transparency and accountability, with such records being made available to Sebi upon request. Sebi is accepting comments on the proposal until September 13.

(With inputs from agencies.)