Ch.3 · Custodian and RTA Functions · medium
What is 'self-regulation' in the mutual fund industry context?
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EXPLANATION
Self-regulation involves industry bodies (like AMFI) setting conduct standards and enforcing them among members, supplementing statutory regulation by SEBI. AMFI's Code of Conduct for distributors, ARN system, and investor education programs are examples of industry self-regulation. SEBI retains ultimate regulatory authority but benefits from industry-level compliance mechanisms.
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