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MF News AMFI asks distributors to submit declaration of self-certification by June

AMFI asks distributors to submit declaration of self-certification by June

Distributors who do not submit DSC will not get brokerage from July 1.
Nishant Patnaik Apr 17, 2018

As an yearly practice, AMFI has asked distributors to submit the annual declaration of self-certification (DSC) for FY ending March 31, 2018.

Distributors will require sending such a declaration by June 30, 2018. You will not get brokerage from July onwards if you do not submit your DSC. .

In an email communication sent to distributors, “Distributors are required to submit the annual declaration of self-certification for the financial year ending March 31, 2018 to CAMS with the define timelines in line with code of conduct prescribed by AMFI. Please ensure to submit the relevant declaration of self-certification (DSC) form at the earliest to enable us process the same and share the details through the 'Central Distributor Management Services' to all RTAs for necessary updations.”

All you need to do is fill the prescribed form available with AMFI and send it to them through the point of sales office of CAMS. You can download this form by clicking here.

Distributors who registered with AMFI after October 1, 2017 are exempted. However, they will have to submit their DSC of the last financial year by the next one, i.e. FY 2018-19.

 

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