Another aspect which impacts the operation of the AMCs is the increased level of regulatory disclosure requirements. Over the years, the information and data disclosures required from AMCs and schemes have increased steadily. Operating teams are required to make multiple disclosures at regular intervals, which in turn increase compliance costs. The related moot question is: does an average investor have the inclination to read and assimilate the flood of information? Should there be an examination of the amount and periodicity of disclosures, and the shape and manner in which it is communicated to investors?.