https://www.taxtmi.com/notifications?id=128797 SEBI amended the Mutual Funds Regulations to strengthen governance and related party controls: ''group'' is defined; applicants and asset management companies must be "fit and proper"; two thirds of trustees must be independent and must comment on sponsor group investments. Limits and reporting obligations restrict dealings through sponsor associated brokers, cap investments in group companies across schemes, prohibit unlisted and privately placed associate securities, require quarterly trustee reports and enhanced scheme disclosures, mandate de materialised settlement for large funds, and permit securities lending under the Board's scheme. en-us Mon, 12 Jan 1998 00:00:00 +0530 Tue, 10 Dec 2019 12:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=128797 SEBI amended the Mutual Funds Regulations to strengthen governance and related party controls: ''group'' is defined; applicants and asset management companies must be "fit and proper"; two thirds of trustees must be independent and must comment on sponsor group investments. Limits and reporting obligations restrict dealings through sponsor associated brokers, cap investments in group companies across schemes, prohibit unlisted and privately placed associate securities, require quarterly trustee reports and enhanced scheme disclosures, mandate de materialised settlement for large funds, and permit securities lending under the Board's scheme. Notifications SEBI Mon, 12 Jan 1998 00:00:00 +0530 https://www.taxtmi.com/notifications?id=128797