https://www.taxtmi.com/circulars?id=65904 Two-Factor Authentication is extended to subscription transactions in mutual funds: for online non-demat transactions one factor must be a One-Time Password sent to the unit holder's email/phone registered with the AMC/RTA; demat transactions must follow Depository-prescribed 2FA; mandates/systematic transactions require factor authentication only at registration. AMFI must revise best practice guidelines to include subscriptions and all AMCs must comply. Industry participants must implement systems and report progress, with the provisions effective from April 01, 2023. en-us Fri, 30 Sep 2022 00:00:00 +0530 Sat, 01 Oct 2022 11:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=65904 Two-Factor Authentication is extended to subscription transactions in mutual funds: for online non-demat transactions one factor must be a One-Time Password sent to the unit holder's email/phone registered with the AMC/RTA; demat transactions must follow Depository-prescribed 2FA; mandates/systematic transactions require factor authentication only at registration. AMFI must revise best practice guidelines to include subscriptions and all AMCs must comply. Industry participants must implement systems and report progress, with the provisions effective from April 01, 2023. Circulars SEBI Fri, 30 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65904