SEBI gives 16-day extension to mutual fund distributors using nomenclatures like IFA/ adviser/ wealth managers nomenclature in their company name
Oct 14 2020
News Category: Industry Update
According to media reports, SEBI has given 16-day extension to mutual fund distributors using nomenclatures like IFA/ adviser/ wealth managers nomenclature in their company name. Accordingly, distributors using this nomenclature in their company name will have to submit their application for name change to the registrar of the company (ROC) and furnish documentary evidence before CAMS by Oct 31, 2020. Earlier, SEBI has asked MFDs using such nomenclatures to furnish documentary evidence to CAMS before Oct 15, 2020.