SEBI relaxes compliance requirements pertaining to Mutual Funds

May 05, 2020 | by Avantis RegTech Legal Research Team


Industry Specific Compliance

The Securities and Exchange Board of India (SEBI) on April 30, 2020 has relaxed certain compliance requirements and extended the timelines for compliance under the SEBI (Mutual Funds) Regulations, 1996, in reference to SEBI Circular No. SEBI/HO/IMD/DF3/CIR/P/2020/47 dated March 23, 2020.

SEBI has granted following relaxations:-

 Risk management framework for liquid and overnight funds and norms governing investment in short term deposits has been extended till June 30, 2020.

 Review of investment norms for mutual funds for investment in Debt and Money Market Instruments has been extended till June 30, 2020.

 Valuation of money market and debt securities has been extended till June 30, 2020.

 The timelines for submission of cyber security audit reports has been extended till August 31, 2020.

 The timelines for filing scheme annual reports for the year 2019-20 is extended by one month that is till August 31, 2020.

[SEBI Circular No. SEBI/HO/IMD/DF3/CIR/P/2020/76]


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