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The draft bill also provides for content evaluation committees with independent members, more participative Broadcast Advisory Council for self-regulation, differentiated approach for program and advertisement codes and statutory penalties, among others. 📰 I&B Ministry Releases Draft Broadcasting Services (Regulation) Bill 2023, To Bring OTT, Digital News Under Proposed Law.

Earlier in March, Sebi had flagged practices by some of the asset management companies (AMCs) related to advertisements, which were not in compliance with the letter and spirit of the provisions of the Advertisement Code prescribed by the market regulator.

The directive comes after a SEBI observation that AMCs are advertising products with information about financial information, including returns, that could mislead the investors

“SEBI had observed that some of the Asset Management Companies (AMCs) were indulging in practices relating to advertisements, which were not in compliance with letter and spirit of the provisions with the Advertisement Code prescribed in SEBI (Mutual Funds) Regulations, 1996,” said AMFI Best Practice Guidelines circular.

“SEBI had observed that some of the Asset Management Companies (AMCs) were indulging in practices relating to advertisements, which were not in compliance with letter and spirit of the provisions with the Advertisement Code prescribed in SEBI (Mutual Funds) Regulations, 1996,” said AMFI Best Practice Guidelines circular.