ADVERTISEMENT
NewsMadura
  • Latest Stories
  • Business
  • World
  • Politics
  • Science & Space
  • Entertainment
  • Technology
  • Health
  • Sports
  • Auto
  • Travel
  • Lifestyle
No Result
View All Result
  • Latest Stories
  • Business
  • World
  • Politics
  • Science & Space
  • Entertainment
  • Technology
  • Health
  • Sports
  • Auto
  • Travel
  • Lifestyle
No Result
View All Result
NewsMadura
No Result
View All Result
Home News Business

Mutual fund forensic audit, soon to be AMCs; Check all the details on SEBI’s latest tender

Jatin Batra by Jatin Batra
February 13, 2023
in Business
0
Confused about types of mutual funds? What is equity, debt or hybrid funds; Check details
0
SHARES
14
VIEWS
Share on FacebookShare on Twitter


Edited by: Namit Singh Sengar

Last updated: February 13, 2023, 4:12 PM IST

SEBI said that the detailed application by the companies should reach SEBI by March 6, 2023 as per the attachment provided.

SEBI has also recently proposed an institutional mechanism that will require stockbrokers to put in place systems to detect and prevent market abuse.

The Securities and Exchange Board of India (SEBI) has issued a call for tenders to invite expressions of interest (EOI) for the deployment of forensic auditors to conduct forensic audits of Mutual Funds, its asset managers, its trustee companies or the board of supervision.

The tender stated that the firms/courts will also have ongoing experience in digital forensic services for acquiring, extracting and analyzing digital evidence from mobile phones, computers, tablets, etc.

The applicant is required to;

  1. Perform forensic acquisition, extraction including imaging of various types of digital devices such as laptops, mobile phones, smartphones (including I-phones, I-pads, tablets), hard drives, USB drives, CDs/DVDs, servers, cloud networks etc. generating hash value reports and preparing separate working copy by using legal and most efficient and updated forensic tools.
  2. Perform digital and mobile forensics including full data indexing, timeline analysis, metadata analysis, decryption and password cracking, keyword search, data retrieval, etc.
  3. Perform analysis as required by SEBI using appropriate tools.
  4. Ensure confidentiality of information collected during the assignment.
  5. Prepare and submit a report stating the findings and conclusions on the analysis/investigation as per the terms of reference and within the timelines specified by SEBI.

Read also: Whistleblower protection, prevention of fraud and market abuse; This is what Sebi wants from stockbrokers

SEBI said that the detailed application by the companies should reach SEBI by March 6, 2023 as per the attachment provided.

SEBI has also recently proposed an institutional mechanism that will require stockbrokers to put in place systems to detect and prevent market abuse.

SEBI has released a consultation document seeking the views of market participants on a proposal requiring brokerage firms and their senior management to be responsible for such detection/prevention of fraud or mark misuse, by establishing and ensuring robust monitoring and control systems for appropriate escalation and reporting mechanisms.

This proposal also lists some common examples of market abuse that brokers should look for to detect/prevent, the entities that should be overseen and the accountability that comes with it.

Currently, there are no specific legal provisions that give brokers the responsibility to put systems in place to detect and prevent fraud or market abuse.

Read all the latest business news here

Business desk

A team of writers and reporters deciphers huge personal finance terms and makes money matters easier for you. From the latest IPOs …Read more
Tags: AMCsAuditcheckdetailsForensicfundLatestMutualNewsMaduraSEBIsTender
Previous Post

Xiaomi 13 Pro India launches this month: what we expect

Next Post

Five ChatGPT extensions you can use in the Chrome browser

Jatin Batra

Jatin Batra

Editor

Next Post
Five ChatGPT extensions you can use in the Chrome browser

Five ChatGPT extensions you can use in the Chrome browser

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

    • Trending
    • Comments
    • Latest
    How Fermented Foods Can Change Your Microbiome and Improve Your Health

    How Fermented Foods Can Change Your Microbiome and Improve Your Health

    August 13, 2021
    Buy tool boxes

    Buy tool boxes

    August 23, 2021
    There are no flights departing or landing at Kabul airport, the Pentagon says.

    There are no flights departing or landing at Kabul airport, the Pentagon says.

    August 16, 2021
    NDTV News

    Photos: Taliban’s Kabul Takeover Caps Afghanistan Blitz

    August 16, 2021
    DeSantis is cutting campaign staff by more than a third, aiming to keep costs in check

    DeSantis is cutting campaign staff by more than a third, aiming to keep costs in check

    0
    NDTV News

    Krsnaa Diagnostics IPO: Here’s How To Check Assignment Status

    0
    NDTV News

    Syrian President Bashar al-Assad issues decree to form new government: Twitter presidency

    0
    Asus ROG Phone 5s Specifications Tipped; May Come With Snapdragon 888 Plus SoC, Up to 18GB RAM

    Asus ROG Phone 5s Specifications tipped; May come with Snapdragon 888 Plus

    0
    DeSantis is cutting campaign staff by more than a third, aiming to keep costs in check

    DeSantis is cutting campaign staff by more than a third, aiming to keep costs in check

    July 25, 2023
    NDTV News

    Ensure violence ends in Manipur: Human rights panel tells state government

    July 25, 2023
    'Operation Cookie Monster': The Dutch arrest their most wanted suspect in cyber case - News18

    ‘Operation Cookie Monster’: The Dutch arrest their most wanted suspect in cyber case – News18

    July 25, 2023
    NDTV News

    SpiceJet plane catches fire at Delhi airport during maintenance

    July 25, 2023

    Recent News

    DeSantis is cutting campaign staff by more than a third, aiming to keep costs in check

    DeSantis is cutting campaign staff by more than a third, aiming to keep costs in check

    July 25, 2023
    NDTV News

    Ensure violence ends in Manipur: Human rights panel tells state government

    July 25, 2023
    'Operation Cookie Monster': The Dutch arrest their most wanted suspect in cyber case - News18

    ‘Operation Cookie Monster’: The Dutch arrest their most wanted suspect in cyber case – News18

    July 25, 2023
    NDTV News

    SpiceJet plane catches fire at Delhi airport during maintenance

    July 25, 2023

    International News,Latest Stories,Breaking News-NewsMadura

    Follow Us

    Browse by Category

    • Africa
    • Americas
    • Asia
    • Auto
    • Baseball
    • Basketball
    • Business
    • Cricket
    • Entertainment
    • Europe
    • Gadget
    • Health
    • India
    • Latest Stories
    • Lifestyle
    • Middle East
    • Politics
    • Science & Space
    • Soccer
    • Sports
    • Technology
    • Tennis
    • Travel
    • U.S.
    • US Politics
    • World

    Recent News

    DeSantis is cutting campaign staff by more than a third, aiming to keep costs in check

    DeSantis is cutting campaign staff by more than a third, aiming to keep costs in check

    July 25, 2023
    NDTV News

    Ensure violence ends in Manipur: Human rights panel tells state government

    July 25, 2023
    • About
    • Advertise
    • Privacy & Policy
    • Contact

    ©Copyright 2021 NewsMadura - Stay ahead with NewsMadura

    No Result
    View All Result
    • Latest Stories
    • Business
    • World
    • Politics
    • Science & Space
    • Entertainment
    • Technology
    • Health
    • Sports
    • Auto
    • Travel
    • Lifestyle

    ©Copyright 2021 NewsMadura - Stay ahead with NewsMadura