Submit annual DSC to confirm Code of Conduct compliance

As per SEBI regulations every Mutual fund/AMC is required to monitor the activities of their empanelled agents/distributors to ensure compliance of regulatory guidelines and code of conduct by them. In case of any violation of Code of Conduct by any empanelled MFD, the concerned Mutual fund/AMC is required to report the same to AMFI and SEBI.

In this context, every ARN holder is required to submit a Declaration of Self-Certification (DSC) annually in a prescribed format within three months after each financial year, certifying that she/he/they have adhered to the Code of Conduct for Mutual Fund.

If the annual DSC for the year is not submitted by the end of Q1, the commission accrued from 1st July is withheld until the DSC is submitted. If the DSC is not submitted by 30th September, the commission withheld for non-submission of DSC is forfeited.

The annual DSC can be submitted online on AMFI website at: Annual Self Certification