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Sebi Introduces New Guidelines for Mutual Fund Nominations

share-iconSaturday, January 11 comment-icon3 weeks ago 11 views
News sources:
indiatimesINDIATIMES
Sebi Introduces New Guidelines for Mutual Fund Nominations

Credited from: INDIATIMES

  • Sebi has introduced new guidelines to revamp the nomination process for mutual fund folios and demat accounts.
  • The reforms aim to enhance transparency and reduce unclaimed assets in the securities market.
  • These new norms will take effect on March 1 and include various measures for investors and regulated entities.
  • The changes follow extensive consultations with stakeholders, including public input gathered earlier in February 2024.
  • Asset management companies (AMCs) will be specifically impacted by these updated guidelines.

For the full article, visit Times of India.

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Sebi Mutual funds Nomination process Financial regulation Transparency
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Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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