 "sebi")
The Securities and Exchange Board of India (Sebi) could dilute certain clauses in the controversial compensation circular introduced for the mutual fund (MF) industry that required fund houses to invest a fifth of fund managers’ and other senior officials’ salaries in their own schemes.
Sources said Sebi and industry representatives have got into a huddle to ensure smooth implementation of the new norms ahead of the October 1 deadline. The industry has requested Sebi to make some changes, citing implementation challenges, and expect the regulator to issue a revised circular in the coming weeks, said people in the know.
Sources said Sebi and industry representatives have got into a huddle to ensure smooth implementation of the new norms ahead of the October 1 deadline. The industry has requested Sebi to make some changes, citing implementation challenges, and expect the regulator to issue a revised circular in the coming weeks, said people in the know.
