Sebi tightens mutual fund sponsor disclosure norms
· economictimes.indiatimes.com
Sebi is enhancing transparency in the mutual fund industry by requiring comprehensive disclosures from fund sponsors. The new single application form simplifies the registration for new funds, compelling sponsors to elaborate on their ownership structures, financial stability, and governance practices. Moreover, this revised process mandates compliance with established eligibility criteria and experience norms, ensuring a more robust foundation for mutual fund establishments.
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Mumbai: The Securities and Exchange Board of India (Sebi...