SEBI is said to have postponed the meeting to review its long term policy for the growth of the mutual fund industry to March 16, said three people familiar with the development.
The meeting was supposed to be held on March 4.
While fund officials said that SEBI will review its long term policy and discuss certain other issues, they are yet to receive the agenda from the regulator, said chief executive officers who are invited for this meeting.
In 2014, SEBI had approved a long term policy for the mutual fund industry. Among the key initiatives were increasing the net worth of AMCs to Rs. 50 crore, nudging fund houses to have skin in the game through the concept of seed capital and disclosure of voting pattern of fund houses in investee companies, among others.
Apart from reviewing the long term policy, the market regulator is likely to take a call on commission disclosure of distributors in account statement in this meeting.
