Sebi to review norms for MFs and brokers

Total Expense Ratio of Mutual Funds, brokers' brokerage to be overhauled

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Sebi plans to undertake a comprehensive review of its mutual fund and stock broker regulations at its board meeting next month, as the markets regulator seeks to make these frameworks more relevant and efficient, a senior official said on Friday.

The issues will be taken up at the board meeting scheduled for December 17, the official added.

The Securities and Exchange Board of India (Sebi) has already released consultation papers on both sets of regulations.