Regulatory Roundup

Capital Markets Investor Protection Change: Sebi to review TER charged by AMCs to mutual fund investors. Impact: Greater transparency and benefits to investors. At present, slab-based TER is applied on schemes, besides brokerage, transaction costs, GST, and advisory fees. The review will consider a TER limit and charges levied on investors for distribution commission from B-30 cities. Change: Sebi to strengthen grievance mechanism through Sebi Complaint Redressal System or SCORES and online dispute resolution. Impact: Will make grievance redressal process comprehensive, faster, and more efficient by providing a system of auto-routing and auto-escalation. Will allow investors to choose two levels of review and access the online resolution mechanism. Change: Mandatory for stockbrokers to display “risk disclosures” on their websites for individual traders in the equity futures...