What is the responsibility of SECP Brokers and Agents Registration, Inspection and Complaints Wing?

1 ANSWERS

1. Guest2073
   

   The Wing is entrusted with registration of brokers and agents, undertaking inspections of brokers and handling investor complaints. The registration of brokers and agents establishes a direct regulatory nexus for ensuring investor protection and observance of Code of Conduct annexed to the Brokers and Agents Registration Rules, 2001. In order to infuse discipline within stock exchanges and their members, the Wing undertakes inspection of books and records of the members of stock exchanges. The Wing also plays an instrumental role in ensuring effective redressal of investor complaints and grievances, particularly those of small investors. In an effort to ensure investor protection and provide relief to aggrieved investors, it works in close coordination with stock exchanges. In case of defaulting members, it works diligently in monitoring the default procedures to provide relief to investors aggrieved by such defaults.

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