SEBI proposes institutional mechanisms for AMCs to prevent market abuse, frauds1 min read 20 May 2023, 05:15 PM IST
SEBI emphasizes on the need for AMCs to have a reporting system in place to address potential market abuse and fraudulent transactions
SEBI has proposed that asset management companies (AMCs) should establish measures to prevent market abuse and fraudulent transactions. The market regulator also suggested that senior management of AMCs should be responsible for detecting and reporting any misconduct by employees, dealers, stock brokers, or related entities.
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