SEBI has issued guideline for setting up Limited Purpose Clearing Corporation
Apr 07 2021
News Category: Regulatory Updates
SEBI has issued guideline for setting up Limited Purpose Clearing Corporation (LPCC) by asset management companies (AMCs) of mutual funds. As per a circular issued, the contribution of AMCs will now be based on average AUM of debt oriented schemes for FY 21. SEBI had earlier said that the data for FY20 will be used for the purpose.