Alignment of interest of Key Employees of Asset Management Companies (AMCs) with the Unitholders of the Mutual Fund Schemes

Last updated: 26 June 2021

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The Securities and Exchange Board of India (SEBI) has extended the implementation date for the circular regarding the alignment of interests between key employees of Asset Management Companies (AMCs) and mutual fund unitholders. Originally set for July 1, 2021, the new effective date is now October 1, 2021. This decision was made after considering feedback from stakeholders.

Securities and Exchange Board of India CIRCULAR SEBI/HO/IMD/IMD-I/DOF5/P/CIR/2021/582 June 25, 2021 All Mutual Funds/ Asset Management Companies (AMCs)/ Trustee Companies/Boards of Trustees of Mutual Funds / Association of Mutual Funds in India (AMFI) Sir/ Madam, Subject: Alignment of interest of Key Employees of Asset Management Companies (AMCs) with the Unitholders of the Mutual Fund Schemes 1. SEBI vide Circular no. SEBI/HO/IMD/IMD-I/DOF5/P/CIR/2021/553 dated April 28,

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FAQ :

The circular concerns the alignment of interests of Key Employees of Asset Management Companies (AMCs) with the Unitholders of Mutual Fund Schemes.

The original implementation date was July 1, 2021.

The implementation date has been extended to October 1, 2021.

The date was extended based on feedback received from stakeholders.

The circular was issued by the Securities and Exchange Board of India (SEBI).

Notification No : SEBI/HO/IMD/IMD-I/DOF5/P/CIR/2021/582
Source : https://www.sebi.gov.in/legal/circulars/jun-2021/alignment-of-interest-of-key-employees-of-asset-management-companies-amcs-with-the-unitholders-of-the-mutual-fund-schemes_50693.html

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