News From Press SEBI proposes institutional mechanism to prevent fraudulent trades in AMCs

SEBI proposes institutional mechanism to prevent fraudulent trades in AMCs

Source: The Hindu Businessline May 22, 2023

Capital market regulator Securities and Exchange Board of India (SEBI) has recommended an institutional mechanism like in Market Infrastructure Institutions and Qualified Stock Brokers for preventing market abuse and fraudulent transactions in asset management companies (AMCs).

The institutional mechanism assigns responsibility of particular work to a committee which, in turn, reports to the head of the institution.

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