SEBI has asked AMCs, AMFI, RIAs and other SEBI regulated intermediaries to freeze accounts of those named by United Nations as terrorists.
SEBI has directed fund houses and AMFI to refer to the list issued by the United Nations Security Council Resolutions (UNSCRs). The list includes name of individuals and entities linked to terrorist organisations like ISIL (Da’esh), Al-Qaida and Taliban.
Further, the market regulator has asked AMCs, AMFI and RIAs to scan all existing accounts to ensure that no entity or individual in the list hold mutual fund folios.
In addition, SEBI has asked intermediaries to bar these entities and individuals from investing in mutual funds, stocks and other SEBI regulated products and services.
