Discontinuation of usage of pool accounts for transactions in the units of Mutual Funds, Two Factor Authentication (‘2FA’) for redemption and other related requirements: Extension of timeline
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Discontinuation of pooling of mutual fund transactions extended and requiring mandatory two factor authentication for redemptions. Extension of the compliance timeline for the discontinuation of pooling of funds and/or units in mutual fund transactions and related safeguards, including Two Factor Authentication for redemptions and source account verification; modification that new mandates accepted after the revised applicability date must be in favour of SEBI-recognized Clearing Corporations and exclusively for subscriptions to mutual fund schemes; obligations on AMCs, Stock Exchanges, Depositories, Clearing Corporations and RTAs to implement the Circulars and follow the activity-specific timelines in Annexure A.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Discontinuation of pooling of mutual fund transactions extended and requiring mandatory two factor authentication for redemptions.
Extension of the compliance timeline for the discontinuation of pooling of funds and/or units in mutual fund transactions and related safeguards, including Two Factor Authentication for redemptions and source account verification; modification that new mandates accepted after the revised applicability date must be in favour of SEBI-recognized Clearing Corporations and exclusively for subscriptions to mutual fund schemes; obligations on AMCs, Stock Exchanges, Depositories, Clearing Corporations and RTAs to implement the Circulars and follow the activity-specific timelines in Annexure A.
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