Capital markets regulator Sebi has joined social media platform ‘X’ with its chairman Tuhin Kanta Pandey launching the official account on Friday. The account goes with the username @SEBI_updates.
Sebi, in a disclaimer said, content posted to the social media handle is not a rule, regulation, circular, guideline or statement of the Board, but merely for dissemination of information, which may otherwise be available on the official website.
“Reposts, follows or likes of or by Sebi social media accounts should not be construed as an endorsement of any individual, group or entity by staff,” the regulator further said.
Sebi has also framed an investor charter to promote transparency, enhance awareness, trust and confidence among the investors.
The investor charter includes the vision and mission statement, rights and responsibilities of investors, investor grievance redressal mechanism and do’s and don’ts for investing in securities market. It also gives a broader perspective of various rights and responsibilities of investors.
The regulator has also issued broad guidelines on investor charters to the following entities and advised them to develop their own investor charter.The investor charter, Sebi hopes, will help to ensure that all investors have access to clear and concise information about their rights and responsibilities.Some of the do’s for investors include: 1) Read and understand the documents carefully before investing. 2) Know about the Investor Grievance Redressal Mechanism. 3) Know the risks involved before investing. 4) Keep track of account statements and promptly bring them among others.
The don’ts comprise, not making payments in cash while making any investment in the securities market, beyond the prescribed limit. And further not sharing critical information like account details, login ids, passwords, DIS, etc. with anyone.