SEBI says new ULIPs must seek regulatory nod - Reuters -: "The Securities and Exchange Board of India (SEBI) on Tuesday barred the launch of new unit linked insurance plans (ULIPs) by 14 life insurance firms until they seek permission from the capital markets regulator.
The order will not apply to existing ULIPs, SEBI said in a notice posted on its website.
Late last Friday, SEBI barred 14 life insurance companies from selling ULIPs without its approval, saying they needed to register with the regulator."
Tuesday, April 13, 2010
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment