The revised forms will be applicable for FY15-16.
AMFI has modified the format of self-certification form of distributors which would be applicable for FY15-16.
Distributors are required to send this self-certification annually to AMFI, vouching that they adhered to AMFI code of ethics and SEBI guidelines. This is a mandatory compliance requirement for all distributors.
As a part of this compliance, distributors are supposed to disclose the percentage of commission offered by AMCs for different scheme categories to their clients.
The form has undergone a change keeping with the new Investment Advisor Regulation which came into effect in 2013. AMFI’s committee on Registration of Certified Distributors which is headed by Harshendu Bindal has recommended these changes.
Earlier distributors were supposed to send this form to each R&T. AMFI has eased this process. Distributors now have to send this form only to AMFI unit of CAMS which then circulates the data to all AMCs.
Click here to download the new form.
