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SEBI has mandated that mutual fund execution-only platforms will either have to register with AMFI or stock exchanges. The former will be able to charge fund houses, while the latter would be able to charge investors and / or fund houses.
The new framework would be applicable from September 1, the Securities and Exchange Board of India (Sebi) said in its circular
From September 1, 2023, Execution Only Platforms (EOPs) that enable direct mutual fund transactions must obtain a license from SEBI or AMFI.
Get latest articles and stories on Latest News at LatestLY. Capital market watchdog Sebi on Tuesday introduced a regulatory framework for 'Execution Only Platforms' for direct plans of mutual fund schemes in a bid to protect the investors dealing in such schemes. Latest News | Sebi Comes out with Framework for Execution-only Platforms for Investing in Direct MF Schemes.
Capital market watchdog Sebi on Tuesday introduced a regulatory framework for 'Execution Only Platforms' for direct plans of mutual fund schemes in a bid to protect the investors dealing in such schemes.