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INVESTMENT ADVICE IN PUBLICLY ACCESSIBLE MEDIA

INVESTMENT ADVICE IN PUBLICLY ACCESSIBLE MEDIA :

A foreign portfolio investor, or designated depository participant or any of its employees shall not render directly or indirectly any investment advice about any security in the publicly accessible media, whether real-time or non-real-time, unless a disclosure of his interest including long or short position in the said security has been made, while rendering such advice.

In case, an employee of the foreign portfolio investor or designated depository participant is rendering such advice, he shall also disclose the interest of his dependent family members and his employer including their long or short position in the said security, while rendering such advice.

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