The SEBI has revised requirement for mutual funds to undertake on monthly basis from Minimum 10 % to 25% of total secondary market trades by value in Corporate Bonds on the Request for Quote (RFQ) platform of stock exchanges. In addition, the Mutual Funds shall now undertake minimum 10% of their total secondary market trades by value in Commercial Papers by RFQ platform of stock exchanges. This circular shall come into force with effect from December 1, 2021.The SEBI has revised requirement for mutual funds to undertake on monthly basis from Minimum 10 % to 25% of total secondary market trades by value in Corporate Bonds on the Request for Quote (RFQ) platform of stock exchanges. In addition, the Mutual Funds shall now undertake minimum 10% of their total secondary market trades by value in Commercial Papers by RFQ platform of stock exchanges. This circular shall come into force with effect from December 1, 2021.taxmann.com Latest Statutory HappeningsRead More
