Many AMCs have still not disclosed salaries as per Sebi norms; await clarity

The Securities and Exchange Board of India (Sebi) has told mutual fund (MF) houses there will be no extension of its earlier order to them for disclosing the remuneration of their top executives.

The deadline for disclosure was Sunday but several fund houses had not complied, saying there was lack of clarity on the issue. There would be no extension, members were told on Sebi’s behalf by the Association of Mutual Funds in India (Amfi) on Monday. Anyone who’d not complied by Sunday would have till end-Monday to do so. Further, the regulator asked fund houses not to put unnecessary and unhelpful filters while providing the information to investors.

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