AMFI releases list of prohibited names for mutual fund distributors
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New Delhi, Oct. 21 -- Adhering to Sebi's naming rules, Association of Mutual Funds in India (AMFI) on Wednesday released a list of 52 prohibited names for a mutual fund distributor (MFD). The MF regulator also released a list of acceptable names such as money services, asset services and securities.
On 23 September, the market regulator had issued a guidance barring MFDs from using words like independent financial advisor and other 'similar names'. Only Sebi registered investment advisors are allowed to use the prohibited names.
The list of prohibited names is not exhaustive, the AMFI circular specified. It also added that MFDs have to mention the term 'AMFI Registered Mutual Funds Distributor' on their website, signboards, business car...
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