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TMI BlogRelaxation in compliance with requirements pertaining to Mutual FundsX X X X Extracts X X X X X X X X Extracts X X X X ..... ded to grant the following relaxations specified in SEBI (Mutual Funds) Regulations, 1996 and circulars issued thereunder: 1.1. All schemes (NFO) where observation letter was issued by SEBI and yet to be launched shall have a validity period of one year from the date of SEBI letter. All new schemes (NFO) where final observation letter will be issued shall have validity period of one year from the date of SEBI letter. 1.2. The timelines for certain disclosures are extended, as follows: Sr. No. Regulation / Circular and associated disclosure Filing Timelines ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . The effective date of implementation of certain policy initiatives have been extended as under: Sr. No. Circular Name Particulars Due Date Extended Date 1. Risk management framework for liquid and overnight funds and norms governing investment in short term deposits dated Sept. 20, 2019 Liquid funds shall hold at least 20% of its net assets in liquid assets. April 1, 2020 May 1, 2020 2. Rev ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t to checks and balances including electronic confirmation by way of email or other system having audit trail are in place. 4. This circular is issued in exercise of the powers conferred under Section 11 (1) of the Securities and Exchange Board of India Act, 1992 , read with Regulation 77 of the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996 to protect the interests of investors in securities and to promote the development of, and to regulate the securities market. Yours faithfully, Deena Venu Sarangadharan Deputy General Manager Tel no.: 022-26449266 Email: [email protected] - Circular - Trade Notice - Public Notice - Instructions ..... X X X X Extracts X X X X X X X X Extracts X X X X
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