Mumbai: Capital market regulator Sebi on Thursday changed the framework for transmission of securities following the death of an investor, introducing a fast-track mechanism for small-value claims, simplifying documentation requirements and removing the mandatory requirement of probate of a will.The regulator said the revised framework is aimed at making the transmission process more efficient, standardised and investor-friendly across listed companies, registrars and transfer agents (RTAs), depositories, depository participants and mutual funds.Sebi has introduced quick transmission processing (QTP) for low-value claims by immediate relatives such as parents, spouses, children and parents-in-law.Read more: Sebi plans a wider investment play for portfolio managersUnder...