Two-Factor Authentication for transactions in units of Mutual Funds

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....Funds in India ('AMFI') All Trustee Companies/ Boards of Trustees of Mutual Funds All Registrar to an Issue and Share Transfer Agents ('RTAs') Sir / Madam, Subject: Two-Factor Authentication for transactions in units of Mutual Funds 1. SEBI Circular No. SEBI/HO/IMD/IMD-I DOF5/P/CIR/2021/634 dated October 04, 2021 introduced various measures to prevent third-party payments and to saf....

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....SEBI/HO/IMD/IMD-I DOF5/P/CIR/2022/29 dated March 15, 2022, stands further modified as under: "4.4. In case of subscription and redemption of units, Two-Factor Authentication (for online transactions) and signature method (for offline transactions) shall be used for authentication. One of the Factors for such Two-Factor Authentication for non-demat transaction shall be a One-Time Password ....

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....EBI Circular No. SEBI/HO/IMD/IMD-I DOF5/P/CIR/2022/29 dated March 15, 2022 shall remain unchanged. 5. Implementation Schedule: 5.1. Based on discussions with stakeholders, it has been decided that the provisions of this Circular shall be applicable with effect from April 01, 2023. 5.2. The AMCs, AMFI, recognized Stock Exchanges, Depositories, recognized Clearing Corporations a....