SEBI Enhances Digital Onboarding and Transparency for Portfolio Managers with New Fee Disclosure Rules Effective 2024.

SEBI issued a circular to Portfolio Managers regarding digital on-boarding and transparency enhancements. Changes include digital on-boarding process simplification, fee calculation tool provision, additional fee disclosures, and MITC document requirement. Clients must understand fees and charges structure, with modifications effective from October 01, 2024. APMI to specify standard procedures. No extra fees beyond agreement terms allowed. Circular effective October 01, 2024, u/s 11(1) of SEBI Act, 1992, u/r 43 of SEBI Regulations, 2020. APMI to issue standard procedures by July 31, 2024. .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X