Distributor remuneration: SEBI removes prescribed transaction charges requirement, allowing AMCs to remunerate distributors at their discretion. The circular deletes the Master Circular provisions prescribing transaction charges and the minimum subscription condition for distributor remuneration, allowing AMCs discretion to remunerate distributors; the deletions take immediate effect and the measure is issued under SEBI's regulatory powers to protect investors and regulate the securities market.
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Distributor remuneration: SEBI removes prescribed transaction charges requirement, allowing AMCs to remunerate distributors at their discretion.
The circular deletes the Master Circular provisions prescribing transaction charges and the minimum subscription condition for distributor remuneration, allowing AMCs discretion to remunerate distributors; the deletions take immediate effect and the measure is issued under SEBI's regulatory powers to protect investors and regulate the securities market.
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