ICAI issued Case Studies on Common Non-Compliance Issues in Financial Markets

The Institute of Chartered Accountants of India (ICAI) has issued Case Studies on Common Non-Compliance Issues in Financial Markets.

In an ever-evolving financial landscape, the importance of compliance with regulations cannot be overstated. The Committee on Financial Markets and Investors’ Protection of ICAI has developed a publication titled “Case Studies on Common Non-Compliance Issues in Financial Markets”.

This publication delves into critical areas of non-compliance, such as penalties for unregistered investment advisory services, adherence to accounting standards, violations of SEBI Regulations, and the consequences of mishandling unpublished price-sensitive information. By providing real world case studies, this publication offers invaluable insights into the repercussions of non-compliance, highlighting the significant risks that organizations may encounter.

Understanding these issues is not just a regulatory obligation; it is essential for fostering a culture of governance and risk management within the organisation. By enhancing the awareness of cost of non-compliance, this publication empowers Key Managerial Personnel, and other stakeholders in the financial markets to make informed decisions that not only safeguard their organizations but also contribute to the integrity of the financial markets as a whole.

The insights presented herein aim to enhance awareness of compliance requirements, fostering a culture of better governance and risk management within financial markets. Each case study not only highlights the specific instances of non-compliance but also elucidates the broader implications for corporate governance and market integrity.

By understanding these case studies, readers will be better prepared to implement robust governance frameworks and contribute to the integrity of financial markets.

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