AMFI has sought a meeting with SEBI to discuss the commission disclosure issue, said a senior official familiar with the development.
“SEBI may not reconsider its decision. However, we can request the regulator to make it less painful. Hence, we have devised a few alternatives to disclose the commission structure of distributors in the account statement. We are hopeful that the market regulator will give us a patient hearing,” said the senior official.
Recently, a few representatives from various IFA associations met top SEBI officials. The members had requested SEBI to reconsider its decision on commission disclosure and give them some time to adapt of these changes.
Ever since the market regulator instructed AMCs to disclose commissions of distributors in account statement from October 2016, many distributors have vehemently opposed this move as they believe that this rule will be regressive and induce pass back practice by investors.
