Sebi to revamp MF nomination

New Delhi: Markets regulator Sebi on Friday issued tips to revamp the nomination course of for mutual fund folios and demat accounts to boost transparency and minimise unclaimed property within the securities market.
The brand new norms will come into impact from March 1 and canopy a variety of measures for traders and controlled entities, together with asset administration firms (AMCs).
Sebi) emphasised that these reforms got here from intensive consultations with stakeholders, together with a public session paper floated in Feb 2024.