Regarding Franklin Templeton’s practices around risk management, inter-scheme transfers and calculation of the Macaulay Duration, amongst others, as well as personal transactions by employees and management Sanjay Sapre said, “ We can confirm that to date, there have been no adverse findings against Franklin Templeton or its employees or management,”. He assured investors that the organization has robust policies in place related to personal transactions of employees and directors, and for managing any real or perceived conflicts of interest.
All necessary disclosures were duly made in a timely manner as required under regulations. Additionally, the schemes under winding up continue to have significant investment from employees and management of Franklin Templeton. Personal redemptions by certain individuals before the winding-up decision are under review and those individuals have cooperated fully with that process and submitted detailed responses to SEBI, which are under consideration.
