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?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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