FIFA has requested SEBI to allow MFDs time till Mar 31, 2021
Sep 29 2020
News Category: Industry Update
No of Views: 157 Rate Now!

According to media reports, the Foundation of Independent Financial Advisors has requested SEBI to allow MFDs time till Mar 31, 2021 to comply with the requirement to modify their registered names. In a separate letter, FIFA has also requested the market regulator to introduce a scheme category ‘Flexi-cap fund’. Further, the MFD association has proposed that existing multi-cap schemes be given the flexibility to rename themselves as flexi-cap schemes after due process.

Related News
Title Report Date
AMFI: No proposal to Sebi to launch new benchmark index 15/10/2020
SEBI gives 16-day extension to mutual fund distributors using nome... 14/10/2020
AMFI: A total of 7 open ended schemes were launched during Sep 2020 08/10/2020
AMFI: Mutual fund industry AUM size witnessed a modest decline of 2... 08/10/2020
SEBI prescribes norms for investment advisors 24/09/2020
SEBI mandates AMCs to put in place policy for trade execution, allo... 17/09/2020
SEBI modifies NAV rules for mutual fund schemes 17/09/2020
SEBI direct AMCs to use an automated Order Management System 17/09/2020
SEBI clarifies its mandate multi cap fund rules 14/09/2020
SEBI tweaks multi cap fund rules 11/09/2020
AMFI: Legal heir to obtain ARN within six months of the death of a ... 10/09/2020
AMFI: The flight to safety trend was witnessed in Aug 2020 09/09/2020
AMFI: Mutual fund industry AUM size increased marginally by 1.38% M... 09/09/2020
AMFI: AUM size increased 6.40% MoM from Rs. 25.49 lakh crore to Rs.... 10/08/2020
AMFI has approached SEBI seeking proper action on advertisement pos... 06/08/2020