AMFI has introduced a new set of norms for transmission of units in mutual funds due to absence of nominations or death of unit holders
Jun 30 2020
News Category: Regulatory Updates
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According to media reports, AMFI has introduced a new set of norms for transmission of units in mutual funds due to absence of nominations or death of unit holders. This follows direction by SEBI to AMCs regarding adoption of standard Transmission Request Form and a common set of documents for transmission of units as prescribed by AMFI. AMFI, in consultation with its Standing Committee on Operations/Compliance and Risk, has reviewed and updated the existing AMFI guidelines for Transmission of Units including the supporting documents and has introduced the Transmission Request Forms to be used under different situations.

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