Requires every stock broker to appoint a compliance officer responsible for compliance with all rules and regulations issued by SEBI or the Central Government for the redress of investor grievance. It places an explicit individual obligation on the compliance officer to immediately and independently to report to SEBI any instances of non-complance.
Gaurav Bhalla, a technology and data protection lawyer at Ahlawat & Associates, discusses India's national strategy for AI and opportunities for growth and innovation.