SEBI to float another consultation paper to decide on ‘fee vs commission’ issue
Dec 29 2017
News Category: Regulatory Updates
According to media report, the Securities and Exchange Board of India (SEBI), in its board meeting, has decided to float another consultation paper to decide on ‘fee vs commission’ issue. SEBI has said that there should be segregation between investment advice and distribution of investment products. The market regulator further said that mutual fund distributors could only discuss about the features of products with clients. In addition, they should ensure that the product they sell is appropriate and suitable for the client.