Board may issue binding clarifications via notes or circulars to resolve mutual fund regulatory interpretation issues. The Board is empowered to issue clarifications and guidelines in the form of notes or circulars to remove difficulties in the application or ... Summary
Board may issue binding clarifications via notes or circulars to resolve mutual fund regulatory interpretation issues.
The Board is empowered to issue clarifications and guidelines in the form of notes or circulars to remove difficulties in the application or interpretation of the mutual fund regulations; such clarifications are binding on the sponsor, mutual funds, trustees, asset management companies and custodians.
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