https://www.taxtmi.com/circulars?id=58734 Intermediaries must follow a revised code requiring compliance with SEBI mutual fund regulations, full disclosure of all commissions for competing schemes, suitability based recommendations, risk disclosure, and maintenance of infrastructure and confidentiality. The code forbids assuring returns, commission driven recommendations, churning, collusion in fraudulent practices, rebating commissions, and misleading comparisons. AMFI certification for sales personnel is mandated; mutual funds must report non compliant intermediaries to AMFI and SEBI and must not engage with those who breach the code. en-us Thu, 27 Aug 2009 00:00:00 +0530 Thu, 27 Dec 2018 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=58734 Intermediaries must follow a revised code requiring compliance with SEBI mutual fund regulations, full disclosure of all commissions for competing schemes, suitability based recommendations, risk disclosure, and maintenance of infrastructure and confidentiality. The code forbids assuring returns, commission driven recommendations, churning, collusion in fraudulent practices, rebating commissions, and misleading comparisons. AMFI certification for sales personnel is mandated; mutual funds must report non compliant intermediaries to AMFI and SEBI and must not engage with those who breach the code. Circulars SEBI Thu, 27 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/circulars?id=58734