SEBI tweaks mutual fund norms; relaxes eligibility norms for MFs and AMCs

SEBI amends the SEBI (Mutual Funds) Regulations, 1996. Amendment has been made to regulation 2, 7, 16, 18, 21, 22, 24, 35, 36, 37, 43, 49, 50, 53, 55 and 58. New definition such as ‘equity related instruments’, ‘exchange traded funds’, ‘net worth’ have been added. Definition of mutual funds amended to include ‘other assets and instruments for purposed of investment. Eligibility norms for applicant for registration of Mutual Funds and Asset Management Companies have been relaxedSEBI amends the SEBI (Mutual Funds) Regulations, 1996. Amendment has been made to regulation 2, 7, 16, 18, 21, 22, 24, 35, 36, 37, 43, 49, 50, 53, 55 and 58. New definition such as ‘equity related instruments’, ‘exchange traded funds’, ‘net worth’ have been added. Definition of mutual funds amended to include ‘other assets and instruments for purposed of investment. Eligibility norms for applicant for registration of Mutual Funds and Asset Management Companies have been relaxedtaxmann.com Latest Statutory HappeningsRead More

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