https://www.taxtmi.com/circulars?id=65444 Payments for mutual fund subscriptions must be routed only to designated Approved Accounts; existing mandates may continue only if Payment Aggregators ensure beneficiary accounts are exclusively clearing corporation accounts (for exchange transactions) or mutual fund pool/scheme accounts (for other platforms). Exchanges, clearing corporations and AMCs must contract with PAs, implement checks and balances including annual third party audits, and maintain grievance mechanisms. AMCs remain liable for misuse by PAs or intermediaries. Non demat redemptions require Two Factor Authentication with an OTP as one factor. en-us Tue, 15 Mar 2022 00:00:00 +0530 Tue, 15 Mar 2022 13:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=65444 Payments for mutual fund subscriptions must be routed only to designated Approved Accounts; existing mandates may continue only if Payment Aggregators ensure beneficiary accounts are exclusively clearing corporation accounts (for exchange transactions) or mutual fund pool/scheme accounts (for other platforms). Exchanges, clearing corporations and AMCs must contract with PAs, implement checks and balances including annual third party audits, and maintain grievance mechanisms. AMCs remain liable for misuse by PAs or intermediaries. Non demat redemptions require Two Factor Authentication with an OTP as one factor. Circulars SEBI Tue, 15 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65444