AMCs to establish mechanism for identification, monitoring, and ...

AMCs Must Implement Systems to Detect Market Abuses, CEO/MD & Compliance Officer Held Accountable, Reports to SEBI Required.

August 6, 2024

Circulars SEBI

AMCs to establish mechanism for identification, monitoring, and deterrence of potential market abuse including front-running and fraudulent transactions. Mechanism to comprise enhanced surveillance systems, internal controls, escalation processes. CEO/MD and CCO accountable. Develop alert generation, processing systems. Examine recorded communications, access logs. Maintain entry logs. Frame policies, procedures approved by Board. Take action on suspicious alerts. Escalate to Board, Trustees. Implement whistle-blower policy. Periodic review. Exchanges, depositories to enable data sharing. Report examined alerts, action to SEBI. AMFI to prescribe implementation standards in consultation with SEBI.

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AMCs to establish mechanism for identification, monitoring, and ...

AMCs Must Implement Systems to Detect Market Abuses, CEO/MD & Compliance Officer Held Accountable, Reports to SEBI Required.

August 6, 2024

Circulars SEBI

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