The deadline for transactions originating from SMS, stock exchange platform, ATM, call center, has been extended to August 1.
AMFI has extended the deadline for completing the process of issuing employee unique identity number (EUIN) to June 1. However, the deadline for transactions originating from SMS, stock exchange platform, ATM, call center has been extended to August 1.
Cafemutual has reviewed a copy of this circular.
“AMCs shall highlight in the KIM the importance of providing EUIN, particularly in advisory transactions, and state that EUIN will assist in tackling the problem of mis-selling even if the employee/relationship manager/sales person leaves the employment of the ARN holder/sub broker,” states the circular.
AMCs have tweaked their transaction forms to capture EUIN. Distributors can check their EUINs on AMFI’s website.
Cafemutual had earlier reported that AMFI could extend the EUIN rollout deadline. Read here.
