System Audit framework for Mutual Funds / Asset Management Companies (AMCs)

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... nd Transfer Agents/ Association of Mutual Funds in India (AMFI) Dear Sir/Madam, Sub: System Audit framework for Mutual Funds / Asset Management Companies (AMCs) 1. Requirement of system audit for mutual funds was introduced vide SEBI Circular SEBI/IMD/CIR No.9/176988/2009 dated September 16, 2009. 2. Considering the importance of systems audit .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... rements, prudential investment limits and access rights to systems interface. 4. Mutual Funds / AMCs are advised to conduct systems audit on an annual basis by an independent CISA / CISM qualified or equivalent auditor to check compliance of the provisions of this circular. 5. Mutual Funds / AMCs are further advised to take necessary steps to put in place systems for implementati .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... development of, and to regulate the securities market. Yours faithfully, Jyoti Sharma General Manager Investment Management Department Email: jyotis@sebi.gov.in - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxmanagement - taxmana .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X