Ch.4 · AMFI Code of Conduct · medium

What action can AMFI take against a distributor who violates the code of conduct?

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EXPLANATION

AMFI can cancel or suspend an ARN in cases of serious violations of the code of conduct. Additionally, AMFI can issue warnings and censures. Permanent debarment from capital markets is SEBI's jurisdiction.

A.Impose a financial penalty only

B.Cancel or suspend the ARN [✓ Correct]

C.File a criminal complaint with police

D.Debar the distributor from capital markets permanently

EXPLANATION

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