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  • MF News MFs, RIAs to disclose turnaround time of grievance resolution: SEBI

    MFs, RIAs to disclose turnaround time of grievance resolution: SEBI

    From January 2022, SEBI registered intermediaries like fund houses and RIAs will have to explicitly disclose details of grievances resolution on their websites.
    Team Cafemutual Nov 18, 2021

    SEBI has issued an investor charter in which the market regulator has asked mutual funds, RIA and other SEBI registered intermediaries to put in place a mechanism to disclose average turn around time for redressal of investor grievances on their respective websites.

    This will come into effect from January 2022.

    Further, SEBI will also publish a monthly status report on the disposal of investor grievances received on SEBI Complaints Redress System (SCORES) portal. Such a disclosure will have name of company, intermediary and other details.

    In its investor charter, SEBI talked about rights and responsibilities of investors.  Click here to download the investor charter.

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