Wednesday, April 21, 2010

Ulip row won’t affect investor confidence: Salman Khurshid

NEW DELHI: Minister for corporate affairs Salman Khurshid on Wednesday set aside fears that the regulatory row between Sebi and Irda over

market-linked insurance policies could lead to investors losing confidence.



“Investors will have confidence that at the end of the day, even if there is disagreement between regulators, one regulator will prevail (over Ulip issue). It is only a matter of time. So investors need not worry,” Mr Khurshid told reporters on the sidelines of an Assocham event on transparency and accountability. He said regulators are new institutions and there were bound to be overlaps in their functioning.

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