Sebi asks MFs, AIFs, portfolio managers to disclose investors charter, complaint data


PTI, Dec 10, 2021, 8:44 PM IST

New Delhi: Markets regulator Sebi on Friday asked mutual funds, portfolio managers, and alternate investment funds (AIFs) to disclose investors’ charter as well as data pertaining to complaints they received.

For mutual funds and portfolio managers, Sebi said they are advised to disclose the investor charter on their websites, as per separate circulars.

For AIFs, Sebi said they should bring investor charter to the notice of investors through private placement memorandum(PPM) in case of new schemes and for existing schemes, as a one-time measure, they should disclose it to the investors on their registered e-mail.

In addition, mutual funds are required to disclose the details of investor complaints on their respective websites as well as on AMFI website on a monthly basis in the prescribed format.

Further, mutual funds are advised to display links/options to lodge complaints with them directly on their websites and mobile apps. Additionally, a link to the SCORES website and the link to download the mobile application shall also be provided on their website. Portfolio managers also need to disclose the data on their websites pertaining to complaints including SCORES complaints, on monthly basis.

The data needs to be disclosed latest by the 7th of the succeeding month, Sebi said in separate circulars.

In the case of AIFs, they have to disclose investors’ complaints data as a separate chapter in the PPM, for new schemes.

For existing schemes, such data needs to be disclosed by way of updating the PPM within one month of the end of each financial year. ”For effective monitoring, AIFs shall maintain data on investor complaints …as which shall be compiled latest within 7 days from the end of the quarter,” Sebi said.

Disclosures have to be made in formats prescribed by the regulator.

The move is aimed at bringing further transparency to the investor grievance redressal mechanism.

These disclosure requirements are in addition to those already mandated by Sebi.

The circulars will come into effect from January 1, 2022.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Video shows party worker washing feet of Maharashtra Cong chief Patole; kicks up row

Gautam Gambhir interviewed by CAC, set to be named India coach soon

Congress needs to decide who is their ‘biggest enemy’: Annie Raja on Priyanka’s bid for Wayanad

Karnataka HC grant 16-day bail to rape accused to marry survivor

Will ensure accused in Renukaswamy murder case are punished: Bengaluru Police Commissioner

BJP delegation meets Renukaswamy’s family, asks Govt to give compensation, job to his wife

Quick action by petrol station staff averts disaster after generator fire

Related Articles More

Sensex, Nifty hit fresh record high levels

Fitch Ratings raises India’s growth estimates for FY25 to 7.2%

Sensex, Nifty hit new all-time high levels in early trade

RBI cancels licence of Purvanchal Co-op Bank, Ghazipur

Amul seeks return of ice cream tub from Noida customer for investigation after centipede complaint

MUST WATCH

udupi

Kamalashile

Mental Illness | Causes | Symptoms and Treatment

Minister Thimmapura statement

Vishweshwar Hegde Kageri


Latest Additions

Video shows party worker washing feet of Maharashtra Cong chief Patole; kicks up row

PM Modi releases Rs 20 000 crore as part of income support scheme for over 9.26 cr farmers

By-election to one seat of Karnataka Legislative Council to be held on July 12

86-year-old man dies in bomb blast in Kerala’s Kannur

Gautam Gambhir interviewed by CAC, set to be named India coach soon

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.