https://www.taxtmi.com/circulars?id=61065 Mutual funds must adopt an enterprise-wide Risk Management System covering fund management, operations, customer service, marketing and other business risks. Key mandatory elements include an independent risk management function, tested disaster recovery and business contingency plans enabling critical "Day 1" operations, and insurance against third party errors and omissions; custodians and R&T agents must have parallel arrangements. Boards of AMCs and trustees must oversee implementation, review progress, report to SEBI, and incorporate the system into internal audit for ongoing verification. en-us Mon, 30 Sep 2002 00:00:00 +0530 Wed, 22 May 2019 15:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=61065 Mutual funds must adopt an enterprise-wide Risk Management System covering fund management, operations, customer service, marketing and other business risks. Key mandatory elements include an independent risk management function, tested disaster recovery and business contingency plans enabling critical "Day 1" operations, and insurance against third party errors and omissions; custodians and R&T agents must have parallel arrangements. Boards of AMCs and trustees must oversee implementation, review progress, report to SEBI, and incorporate the system into internal audit for ongoing verification. Circulars SEBI Mon, 30 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/circulars?id=61065