SEBI Chief Ajay Tyagi has said that the market regulator has allowed fund houses to opt for side pocketing in December. Now, it is up to fund houses to decide if they want to do it.
Since SEBI is said to have asked fund houses to transfer withheld commission into a separate bank account and pay distributors once they complete all requirements, it is likely there will be no deadline to complete pending KYC cases.
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