Ch.4 · SEBI Mutual Fund Regulations · hard
Under SEBI regulations, what must happen if a distributor wishes to transfer their ARN/client book to another distributor?
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EXPLANATION
When an ARN holder wishes to transfer their client book to another distributor (due to retirement, sale of business, etc.), written consent from each individual investor is required. Investors must be informed and given the option to choose a different distributor or switch to Direct Plan.
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