Facilitating ease of doing business relating to the framework on “Alignment of interest of the Designated Employees of the Asset Management Company (AMC) with the interest of the unitholders”
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Alignment of interest of AMC designated employees: revised mandatory investment slabs, lock in, disclosure and compliance requirements. Amendments require Designated Employees of AMCs to mandatorily invest slab wise minimum percentages of gross annual CTC (net of income tax and statutory contributions) into schemes they oversee, with two options for ESOP inclusion; role based slab assignment and a lower slab for liquid fund specialists. Up to seventy five percent of required liquid fund investments may be placed in higher risk AMC schemes based on the prior month's risk ometer. Lock in, redemption and insider trading rules are adjusted and governance requires committee led preliminary examinations and quarterly public disclosure of aggregate mandated employee investments.
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.
Alignment of interest of AMC designated employees: revised mandatory investment slabs, lock in, disclosure and compliance requirements.
Amendments require Designated Employees of AMCs to mandatorily invest slab wise minimum percentages of gross annual CTC (net of income tax and statutory contributions) into schemes they oversee, with two options for ESOP inclusion; role based slab assignment and a lower slab for liquid fund specialists. Up to seventy five percent of required liquid fund investments may be placed in higher risk AMC schemes based on the prior month's risk ometer. Lock in, redemption and insider trading rules are adjusted and governance requires committee led preliminary examinations and quarterly public disclosure of aggregate mandated employee investments.
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