SEBI Proposes Institutional Mechanism for AMCs
On 20th May, 2023, the Securities and Exchange Board of India (SEBI) proposed a slew of measures to strengthen governance in Asset Management Companies (AMCs).
- This comes in the wake of SEBI passing orders in two instances of front-running pertaining to Axis AMC and Life Insurance Corporation of India (LIC).
Proposed Measures
- Adequate Surveillance System: Setting up of adequate surveillance and internal control systems by AMCs for deterrence of possible market abuse and fraudulent transactions in securities related to the AMCs' transactions.
- Responsibility of Senior Management: Senior management of AMCs should be responsible to ensure that an institutional mechanism is put in ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Already a Member? Login here
Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Economy Watch
- 1 India Lists First Mortgage-Backed Pass Through Certificates on NSE
- 2 Bond Forward in G-Secs
- 3 4th Phase of Consolidation of Regional Rural Banks
- 4 SIDBI’s Report on MSME Sector
- 5 MSP for Jute
- 6 RBI’s Surplus Transfer: A Catalyst for India’s Economic Growth
- 7 RBI’s Digital Lending Directions 2025
- 8 RBI Recognises FIMMDA as SRO
- 9 Expansion of the Credit Guarantee Scheme for Startups
- 10 Pradhan Mantri Formalisation of Micro Food Processing Enterprises Scheme