New Delhi: Capital markets watchdog Sebi plans to rope in an agency to process and maintain records of investor complaints received by the regulator.
The mandate for the agency is to receive grievances from investors through physical or electronic mode and categorise them.
The agency will also be responsible for tracking complaints’ status online and conducting follow-ups, besides preparing action taken reports (ATRs) and updating the status of grievances on Sebi’s online platform for complaints, SCORES.
Complaints Redress System (SCORES), which registers and tracks investor complaints against listed entities or intermediaries, is a web-based and centralised grievance system developed by the markets watchdog.
The regulator, in a notice, invited applications “in prescribed format for pre-qualification of agencies for processing and maintenance of records of investor complaints received at Sebi”.
The scope of the work also includes despatching complaints to intermediaries or companies and mailing acknowledgement letters to investors.
Besides, the selected agency will be responsible for proper storage facility of the complaints received and ATRs for two years and any other work related to investor awareness and education as well as investor grievance redressal.
