New FAQ Page 2 - RBI - Reserve Bank of India
Survey on Foreign Liabilities and Assets (FLA) of Mutual Fund (MF) Companies and their Asset Management Companies (AMCs) in India
After sending the duly filled in and valid MF survey schedule (excel based) to mf@rbi.org.in, an MF company will receive the system-generated acknowledgement. No separate mail will be sent in this regard. If some error is mentioned in the acknowledgement, then the respondent is required to resubmit the form by rectifying the mentioned error. After corrections, the company should receive a successful processing acknowledgement.
Ans.: If the company’s accounts are not audited before the due date of submission, i.e., July 15, then the MF survey schedule should be submitted based on unaudited (provisional) account.
Ans.: No. Even if a company’s account closing period is different from reference period (end-March), the MF survey information should be reported for the survey reference period, based on the company’s internal assessment.
Ans.:Please refer to the below table containing the error codes (Fatal error, non-Fatal error) with their descriptions. If a respondent gets an acknowledgment of the processed data with any Fatal error codes, then it should study the below-mentioned fatal error message/description and revise its data accordingly. The revised data may be resubmitted on mf@rbi.org.in. In case if the company gets an acknowledgment of the processed data with any non-fatal error codes, then it needs to provide justification/clarification on the errors mentioned, by email to mfquery@rbi.org.in along with revised data, if applicable to mf@rbi.org.in.
Sl No. |
Mutual Fund Error Codes and Description |
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Criteria |
Error Codes |
Description |
|
Fatal Errors |
|||
1 |
If Mutual Fund Company name given at item 1.(i) of block-I of Section I is NULL |
MF_F_003 |
Name of the Mutual Fund Company is not given. Please provide the name of the mutual fund company in the Section I. |
2 |
If Asset Management Company name given at item 1.(iii) of block-I of Section I is NULL |
MF_F_004 |
Name of the Asset Management Company (AMC) is not given. Please provide the name of the AMC in the Section I. |
3 |
If CIN number of Mutual Fund Company is blank or length of CIN is less than 21 characters |
MF_F_006 |
Invalid CIN number is given in Section I. Please ensure that correct 21-digit CIN of Asset Management company as provided by the Ministry of Corporate Affairs is entered. |
4 |
If Name of the contact person given at item 2 (i) of block-I of Section I is NULL |
MF_F_007 |
Name of the contact person is not provided. Please provide the name of the contact person in the Section I. |
5 |
If Email ID for contact given at item 2 (v) of block-I of Section I is NULL |
MF_F_008 |
Contact person's e-mail is not provided. Please provide the e-mail ID of the contact person in Section I. |
|
Non-Fatal Errors |
||
6 |
In case of change in company name, if old company name is not given |
MF_NF_001 |
Old company name is not given. Please provide the old company name in the Section I. |
7 |
In case of change in company name, if new company name is not given |
MF_NF_002 |
New company name is not given. Please provide the new company name in the Section I. |
8 |
In case of change in company name, if Effective date of change is not given |
MF_NF_003 |
Effective date of change in name of the mutual fund company is not given. Please provide the effective date of change in company name in the Section I. |
9 |
If the Face Value deviation is larger than 10% in Block1 UNITS ISSUED TO AND OUTSTANDING IN THE NAME OF NON-RESIDENTS (deviation=(currentYearFaceValueTotal-previousYear Face ValueTotal)*100/(previousYearFaceValueTotal)) |
MF_NF_004 |
Block-1: The total face value of units held by non-resident for the previous year (end March 2023) as reported in the current survey year (2023-24 round) is inconsistent with the current year reporting (end March 2023) in previous survey year (2022-23 round). |
10 |
If the Market Value deviation is larger than 10% in Block1 UNITS ISSUED TO AND OUTSTANDING IN THE NAME OF NON-RESIDENTS |
MF_NF_005 |
Block-1: The total market value of units held by non-resident for the previous year (end March 2023) reported in the current survey year (2023-24 round) is inconsistent with the current year reporting (end March 2023) in previous survey year (2022-23). |
11 |
If both previous year and current year Face values > 1000 (Rs in Lakhs) and deviation is larger than 50% in Block1 UNITS ISSUED TO AND OUTSTANDING IN THE NAME OF NON-RESIDENTS |
MF_NF_006 |
Block-1: There is a high deviation in Face Value of Unit held by non-resident from previous year to current year. |
12 |
If both previous year and current year Market values > 1000 (Rs in Lakhs) and deviation is larger than 50% in Block1 UNITS ISSUED TO AND OUTSTANDING IN THE NAME OF NON-RESIDENTS |
MF_NF_007 |
Block-1: There is a high deviation in Market Value of Unit held by non-resident from previous year to current year. |
13 |
If sum of the data for XX (no specific country) and IN (INDIA) is larger than 50,000 ₹ lakh and the proportion of the same from the total is more than 50% for the current Survey year in Block1 UNITS ISSUED TO AND OUTSTANDING IN THE NAME OF NON-RESIDENTS for Face Value (Column 6) |
MF_NF_008 |
Block-1: " NO Specific Country & India " has been selected instead of Foreign Country Name for face value of units held by non-resident. |
14 |
If the foreign liabilities deviation is larger than 10% in Block2 OTHER FOREIGN LIABILITIES |
MF_NF_009 |
Block-2: Other Foreign Liabilities for the previous year (end March 2023) reported in the current survey year (2023-24 round) is inconsistent with the current year reporting (end March 2023) in previous survey year (2022-23 round). |
15 |
If both previous year and current year foreign liabilities > 1000 (Rs in Lakhs) and deviation is larger than 50% in Block2 OTHER FOREIGN LIABILITIES |
MF_NF_010 |
Block-2: There is a high deviation in OTHER FOREIGN LIABILITIES from previous year to current year. |
16 |
If the foreign assets deviation is larger than 10% in Block3 OTHER FOREIGN ASSETS |
MF_NF_011 |
Block-3: Other Foreign Assets for the previous year (end March 2023) reported in the current survey year (2023-24 round) is inconsistent with the current year (end March 2023) reporting in previous survey year (2022-23 round). |
17 |
If both previous year and current year foreign assets > 1000 (Rs in Lakhs) and deviation is larger than 50% in Block3 OTHER FOREIGN ASSETS |
MF_NF_012 |
Block-3: There is a high deviation in OTHER FOREIGN ASSETS from previous year to current year. |
18 |
If the total of all the below Blocks (Block1 Column 6 and 8, Block2 Column 12, Block3 Column 19) are null or zero |
MF_NF_013 |
The company has reported nil information i.e., there is no foreign liabilities and assets of the company. |
19 |
If the Country is not available for year (Unit for non-residents) in Block1 UNITS ISSUED TO AND OUTSTANDING IN THE NAME OF NON-RESIDENTS |
MF_NF_014_B1 |
Block-1: Country of residence of unit holder is not given in Block-1. |
20 |
If the Country is not available for (Liability Type) in Block2 OTHER FOREIGN LIABILITIES |
MF_NF_014_B2 |
Block-2: Country of non-resident (OTHER FOREIGN LIABILITIES) is not given in Block-2. |
21 |
If the Country is not available for (Asset Type) in Block3 OTHER FOREIGN ASSETS |
MF_NF_014_B3 |
Block-3: Country of non-resident (OTHER FOREIGN ASSETS) is not given in Block-3. |
22 |
If sum of the data for XX (no specific country) and IN (INDIA) is larger than 50,000 ₹ lakh and the proportion of the same from the total is more than 50% for the current Survey year in Block1 UNITS ISSUED TO AND OUTSTANDING IN THE NAME OF NON-RESIDENTS for Market Value (Column 8) |
MF_NF_015 |
Block-1: " NO specific country & India " has been selected instead of Foreign Country Name for market value of units held by non-resident. |
Page Last Updated on: December 11, 2022