September 21, 2021 3:45:20 am
Sebi on Monday said junior staff of asset management companies will have to invest at least 20 per cent of their gross salaries in a phased manner, starting from October 2023.
Designated employees will be mandatorily required to invest 20 per cent from October 1, 2023, Sebi said in a circular. It added units allotted will be subject to clawback in the event of gross violation of code of conduct or fraud.
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