Capital markets watchdog Sebi on Monday came out with fresh guidelines on reporting formats for mutual funds.
The formats for the reports to be submitted by asset management companies (AMCs) to trustees, by AMCs to Sebi and by trustees to the regulator have been revised on the basis of consultation from the industry.
In a circular, Sebi said the compliance certificate to be submitted by an AMC to the trustees on a bi-monthly basis and half-yearly basis would be discontinued.
