Franklin Templeton India city Mumbai covid-19 president guidelines Franklin Templeton India city Mumbai

Franklin Templeton apologises to Sebi

Reading now: 386
www.livemint.com

MUMBAI: Franklin Templeton India issued an apology to Securities and Exchange Board of India (Sebi) 'on any unintended slight caused to the regulator'.

The market regulator was miffed over Franklin Templeton global president Jennifer M Johnson’s comment that regulatory guidelines were one of the reasons that led to shutting down of its six debt schemes in India.

Late on Thursday, Sebi issued a statement stating that Franklin Templeton should focus on refunding investors' money and that some funds have had high concentration risk.

To clarify, Franklin Templeton, in a newspaper notice on Friday, said Johnson's statements were taken out of context. On 23 April, Franklin Templeton India had wind up six of its debt schemes due to illiquidity

Read more on livemint.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA