If there is a breach of the Code of Conduct by an intermediary and a second violation is proved, the registration of the intermediary is
A
Not renewed
B
Cancelled
C
Suspended
D
Withheld
Correct Option:
B
Explanation
Under the AMFI Code of Conduct, a first proven violation generally results in a warning after seeking an explanation. A second proven violation results in the cancellation of the intermediary's AMFI registration.
