Lost money in a dispute with a capital market provider and unhappy with how it views your claim? Then, head to SIDREC for an informed third-party view and outcome. By Elaine Boey
Sujatha Sekhar Naik, CEO of SIDREC talks about investor education, complaints management and market misconduct.
Ms Sujatha Naik from the Securities Commission (SC) and Mr Khairul Abdul Kuddus from the Securities Industry Dispute Resolution Centre, explain the existence of SIDREC and how individual investors could use it.
The Securities Industry Dispute Resolution Center (SIDREC), which begins operations today, aims to resolve small claims disputes in an efficient and timely manner – within 90 days upon receipt of complete documentation.
The Securities Industry Dispute Resolution Center (SIDREC) is on track to start operations in early 2011 following the gazette of the Capital Markets and Services (Dispute Resolution) Regulations 2010 which come into effect on 30 Dec 2010.