Markets regulator Sebi has decided to tweak the criteria for determining ‘Fit and Proper Person’ and given its approval for the launch of silver exchange-traded funds (ETFs) in the country
Markets regulator Sebi has decided to tweak the criteria for determining ‘Fit and Proper Person’ and given its approval for the launch of silver exchange-traded funds (ETFs) in the country.
In addition, the board of Sebi approved an amendment to mutual fund rules to enable the introduction of silver ETFs with certain safeguards in line with the existing regulatory mechanism for gold ETFs.
About Fit and Proper Person, Sebi said Fit and Proper Person criteria will be principle-based or/and rul…
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