In a recent and much welcome move, SEBI has formulated Guidelines for the Outsourcing of activities by the Intermediaries ["Guidelines" hereinafter]. In light of the fact that intermediaries were outsourcing their activities for cost efficiency, SEBI deemed it necessary to regulate the outsourcing of these activities, and hence Guidelines on Outsourcing of Activities by Intermediaries have been issued by SEBI on December 15, 2011. This was based almost entirely on the Discussion Paper on Outsourcing of Activities related to Intermediary Services. A copy of the DIscussion Paper can be found here.
These Guidelines are mandatory and have to be complied with by all intermediaries.
These Guidelines are mandatory and have to be complied with by all intermediaries.
