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Depositories get to spend 5% of IPF interest income
Sebi has revised rules for depositories' Investor Protection Fund income. Depositories can now use five percent of annual income for expenses. The remaining ninety-five percent must be reinvested back into the fund. This change allows for administrative costs like salaries and audit fees. Any unutilized funds from the five percent must be returned to the fund.
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thehindubusinessline.com
SEBI proposal lets depositories use investor protection fund income for administrative expenses
SEBI allows depositories to use 5% of Investor Protection Fund income for operational expenses, maintaining 95% reinvestment into the corpus.
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economictimes.indiatimes.com
Sebi eases rules on use of depository investor protection fund income
Sebi has allowed depositories to use a small portion of annual income from the Investor Protection Fund for administrative and statutory expenses while requiring most earnings to…
