Consultation Paper; dated: 06.11.2024
SEBI has released a consultation paper on a review of the regulatory framework on alignment of the interest of designated employees of an asset management company (AMC) with the interest of unitholders. Currently, AMCs are required to invest 20% of a designated employee’s total remuneration, including non-cash compensation, in schemes over which they have oversight. SEBI has now proposed that this requirement may be reduced from 20% and made applicable slab-wise, based on CTC of the employees.
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