alleryStart learning →Which pair is deemed to be persons acting in concert under Regulation 2(1)(q)?
ATwo unrelated brokers
BA firm and its auditor
CA bank and a depositor
DFund and its sponsor
Answer & Solution
Correct answer: D. Fund and its sponsor
Regulation 2(1)(q)(2) deems a mutual fund, its sponsor, trustees and asset management company to be acting in concert unless the contrary is shown.
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