Post by shawnturner on Jan 5, 2018 7:30:43 GMT
Hi,
AMFI has issued a revised best practices circular on September 11 related to commission payouts.
AMFI has clarified that meetings/training programs for sub-brokers/RMs of a distributor will not be considered as marketing support expenses. However, these expenses should be incurred only for the event and should executed by the AMC. AMCs are not supposed to make any payment to distributors for these events.
For more Details:
SaaS Product Marketing
AMFI has issued a revised best practices circular on September 11 related to commission payouts.
AMFI has clarified that meetings/training programs for sub-brokers/RMs of a distributor will not be considered as marketing support expenses. However, these expenses should be incurred only for the event and should executed by the AMC. AMCs are not supposed to make any payment to distributors for these events.
For more Details:
SaaS Product Marketing