Sebi dismisses RTI appeal in Franklin Templeton MF's wind-up case

Sebi also observed that as a stock market regulator, it conducts investigation to examine alleged or suspected violation of laws and regulations

The appellate authority of Securities and Exchange Board of India (Sebi) for Right To Information (RTI) Act, has dismissed a query pertaining to the course of action taken by the market regulator following the wind-up of schemes by Franklin Templeton Mutual Fund (MF).

The RTI appeal raised questions on why Sebi had not made FT MF take the debt papers onto its own book and pay the money to the unitholder (the appellant). It had also asked as to why the appellant should suffer for their wrongdoing and Sebi’s silence and inaction.

Sebi in its response observed that the queries