Sunday is the last day to send your feedback to SEBI on the consultation paper for creating a self-regulatory organisation (SRO) for mutual fund distributors and investment advisors.
Here are the four key areas in the consultation paper which require your comments:
- If there should be a single or separate SROs for MF distributors and RIAs
- If the proposed role of SRO mentioned in the consultation paper is adequate
- Is there any need to enhance the net worth of SRO
- Any other comments on the proposals
In the consultation paper, SEBI suggested that SRO should play a developmental role, regulatory role and disciplinary role. While a development role involves providing training and education to members and creating awareness among investors, a regulatory role includes granting and renewing of licences. Similarly, SRO is proposed to take action against distributors in case of violation of the code of conduct and regulations under its disciplinary role.
SEBI has also suggested that the SRO resolve grievances against its members and settle disputes between investors and distributors.
SEBI has proposed that SRO should have minimum net worth of Rs.1 crore.
Remember to send your comments to SEBI via email at sro@sebi.gov.in or via physical post to SEBI’s BKC office in Mumbai before April 21, 2019.
