SEBI forms a committee to improve disclosure standards of financial products, including mutual funds

SEBI has formed a committee on Disclosure and Accounting Standards (SCODA) to seek recommendation on improving disclosure standards of financial products including mutual funds.

SEBI has formed a committee on Disclosure and Accounting Standards (SCODA) to seek recommendation on improving disclosure standards of financial products including mutual funds through offer documents, application forms and advertisements.

The 17-member committee was formed on September 03. Ishaat Hussain, Director-Finance, Tata Sons is heading this committee as the chairman. Milind Barve, Managing Director, HDFC MF is the member from the mutual fund industry in this committee.

The committee will also give its recommendation on improving disclosure requirements of financial intermediaries registered with SEBI like Registered Investment Advisers (RIAs) and stock brokers.