TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Notifications
of of All Notifications
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Mutual fund registration, governance and valuation reforms imposing eligibility, fiduciary duties, disclosure, investor protections and enforcement mechanisms</h1> New consolidated mutual fund regulations prescribe (1) registration and eligibility criteria for sponsors, asset management companies (including net-worth, lock-in, fit-and-proper and application procedures), with operative effect that sponsors and AMCs must meet specified capital, experience and disclosure conditions to obtain and retain registration. (2) governance and fiduciary duties for trustees and AMCs, including board composition, trustees' oversight, investment management agreements, conflict-of-interest safeguards and whistleblower requirements, with operative effect that trustees and AMCs are required to implement specified controls, reporting and independent review mechanisms and remain liable for breaches. (3) scheme conduct, valuation, disclosure, investor protection and expense limits, with operative effect that NAV computation, offer document disclosures, expense caps, valuation norms and redressal timelines are mandated and enforceable. (4) frameworks for Mutual Fund Lite, Specialized Investment Fund, inspection, enforcement and exemptions, with operative effect that alternative product structures, supervisory powers, penalties and regulatory relief mechanisms are formally instituted.
TaxTMI 
TaxTMI 
