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
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 before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Related Content
- 1 MSP for Jute
- 2 Tapti Basin Mega Recharge Project
- 3 Kaleshwaram Lift Irrigation Project
- 4 QNB Opens Branch in Gujarat
- 5 National Bank for Financing Infrastructure and Development
- 6 Apparel Export Promotion Council (AEPC)
- 7 International Buyer-Seller Meet 2025
- 8 Land Port
- 9 Financial Fraud Risk Indicator
- 10 India’s Port Sector’s Milestones in FY 2024-25