Minor investment via guardian: streamlined mutual fund processes and standardized transmission requirements for AMCs.
SEBI requires a uniform framework for investments made in mutual fund units in the name of a minor through a guardian, defining the guardian investment mechanism (payment methods, KYC on majority, and AMC controls to suspend standing instructions) and prescribing standardized transmission procedures, including image-based processing, a Central Help Desk and web page, common transmission and NOC forms, and a common set of required documents for AMCs to implement. (AI Summary)

Aggregate exposure cap on lenders' P2P investments imposed, with net-worth certification and mandatory risk declaration required.
Amendments impose an aggregate exposure cap on lenders' P2P investments consistent with their net worth, require a net-worth certification from a practicing chartered accountant where investments exceed a higher threshold, and mandate a lender risk declaration acknowledging platform non-guarantee of principal or interest. Escrow accounts may be operated by a bank-promoted trustee without requiring maintenance with the promoting bank, providing operational flexibility. (AI Summary)