SEBI issues Circular to specify certain conditions to be adhered to by Mutual Funds

Nov 07, 2019 | by Avantis RegTech Legal Research Team

The Securities Exchange Board of India (SEBI) on November 06, 2019, specifies certain conditions to be adhered to by Mutual Funds, while making any changes in terms of an investment under the SEBI (Mutual Funds) Regulations, 1996. SEBI modifies the conditions stated under Circular No. SEBI/HO/IMD/DF4/CIR/P/2019/102 dated September 24, 2019.

SEBI specifies that any changes to the terms of investment, including extension in the maturity of a money market or debt security, must be reported to valuation agencies and SEBI registered Credit Rating Agencies (CRAs) immediately, along-with reasons for such changes.

[SEBI Circular No. SEBI/HO/IMD/DF4/CIR/P/2019/126]


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