Consultation Paper on Review of Role and Obligations of Mutual Fund Trustees to solicit public comments / views

SEBI on February 09, 2023 has issued Consultation Paper on Review of Role and Obligations of Mutual Fund Trustees to solicit public comments / views on the following:

1. Issues relating to review of role and obligations of Trustees of Mutual Funds as provided currently in SEBI (Mutual Funds) Regulations (hereinafter referred to as “MF Regulations”) and Circulars issued by SEBI from time to time. This inter-alia includes identification of core functions of Trustees and means of fulfilling the responsibilities cast on Trustees etc.
2. Clarity on the role and accountability of the Board of Asset Management Companies (AMC) to safeguard unit holders’ interest, across all products and services.