Policy-on-Prohibition-Circulation
-of-Unauthenticated-News
Broking houses will also have to ensure that any market‐related news received by their employees, either in their official or personal mail, should be forwarded to clients only after the same has been approved by its compliance officer.
Scope:
Reporting:
Employees of the Company are obliged to promptly furnish any market related news/information received by them from an unverified source /communication channels to the Compliance Officer of the Company and shall forward the same only after the same has been approved by the Compliance Officer.
The Company has restricted the access of private e‐mails, chat forums/messengers, blogs, social networking websites etc. in office, unless otherwise permitted to specific individuals by the management. Such individuals irrevocably undertake that access to such sites will not be misused to the extent of facilitating unauthenticated news in any manner. The use of the official e‐mail id for posting unauthenticated news in mail groups, forums, blogs etc. will attract disciplinary action.
Further strict action would also be initiated against any employee representing the company in any manner whatsoever, who facilitates posting unauthenticated news during the non‐business hours and outside the office premises.
Penalty:
Any employee of the Company who fails to observe the provisions of this policy shall be deemed to have violated the various provisions contained in SEBI Act/Rules/Regulations etc. and shall be liable for penal action.
Nothing contained in this clause shall prevent the Company/ Management/ Compliance Officer to take appropriate action against such employee for breach of duty. The Compliance Officer of the company shall take all prudent steps to identify and restrict any act that may lead to violation of this policy.
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