New Enroll for RBI, SEBI & NABARD Intro Class! April 18 at 9:15 PM

    Question

    Who is responsible for reviewing compliance with the

    regulations and verifying the effectiveness of internal control systems, as per Reg 5H of SEBI (Prohibition of  Insider Trading) Regulations, 2015?
    A Chief Compliance Officer Correct Answer Incorrect Answer
    B Trustees Correct Answer Incorrect Answer
    C Board of Directors Correct Answer Incorrect Answer
    D Audit Committee Correct Answer Incorrect Answer
    E Compliance officer of the intermediaries and fiduciaries Correct Answer Incorrect Answer

    Solution

    As per Reg 5H- ( 3)The Audit Committee of an asset management company or such other analogous body of an intermediary or fiduciary shall review compliance with the provisions of these regulations at least once in a financial year and shall verify that the systems for internal control are adequate and are operating effectively.

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