Oct 19, 2023

Mutual Fund Trustees to Provide Confirmation of Standing Arrangements with Independent Firms on Continuous Basis

The Securities and Exchange Board of India (‘SEBI’), by way of its Circular dated July 26, 2023, has directed that trustees of mutual funds (‘MFs’) should have standing arrangements with independent firms for special purpose audit and/or to seek legal advice, whenever necessary, on a continuous basis. Further, the trustees are required to provide a confirmation to this effect in their half yearly trustee reports submitted to SEBI.




These are the views and opinions of the author(s) and do not necessarily reflect the views of the Firm. This article is intended for general information only and does not constitute legal or other advice and you acknowledge that there is no relationship (implied, legal or fiduciary) between you and the author/AZB. AZB does not claim that the article's content or information is accurate, correct or complete, and disclaims all liability for any loss or damage caused through error or omission.