News From Press SEBI working on guidelines for managing unclaimed client funds. All you need to know

SEBI working on guidelines for managing unclaimed client funds. All you need to know

Source: Mint Genie Aug 10, 2023

The Securities and Exchange Board of India (SEBI) is set to introduce comprehensive protocols for managing unsettled funds belonging to clients that are held by stock brokers. The forthcoming regulations will mandate stock brokers to actively endeavour to locate the investors and promptly refund their funds. Should the investors remain untraceable, the undistributed funds will then be channelled into the investor protection funds of stock exchanges.

Click here for more

Like what you are reading?

Login to get instant access to this article and many other such articles on business development, success stories and industry updates.

Don't worry ... it's FREE!

Have a query or a doubt?
Need a clarification or more information on an issue?
Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

Latest Articles

7 best practices to keep your money safe from fraudsters

How can debt PMS fit in your investment portfolio?

Budget 2024: Will the indexation benefit on debt mutual fund be back?

Staggered bets in multi-asset MFs look apt amid bullish sentiment

India's wealthy opt for term insurance policies worth Rs 5-20 crore: Report

Simplify investing: Allocate bulk of core portfolio to broad index fund

Sensex tops 80,000 level for the first time, what should be MF investors strategy?

Mutual Funds: What are passive funds and how do they simplify equity investing?

How does inflation affect your savings & investments?

Lights, Camera, Finance: 4 must-watch movies for money lessons

Click to clap

Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.

0 Comment

Be the first to comment.

More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.

POLL

MORE POLLS

As regards Portfolio Management Services (PMS), what is your status

Actively selling PMS

Not selling PMS but considering it seriously

Not selling PMS and not considering it either

EVENTS FORUMS