Ch.3 · Custodian and RTA Functions · easy
Under which Act does SEBI derive its powers to regulate mutual funds?
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EXPLANATION
SEBI derives its regulatory powers from the SEBI Act, 1992, which empowers it to protect investor interests and regulate the securities market. Specifically for mutual funds, SEBI (Mutual Funds) Regulations, 1996 provides the detailed regulatory framework covering registration, operations, investor protection, and compliance requirements.
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