The circular exempts jointly held Mutual Fund folios from the ...

SEBI exempts jointly held Mutual Fund folios from mandatory nomination requirement to simplify compliance and reduce costs. Circular effective from April 30, 2024.

Circulars SEBI

May 22, 2024

The circular exempts jointly held Mutual Fund folios from the requirement of nomination, as per Clause 17.16 of the Master Circular. Failure to nominate by June 30, 2024, for individual unit holders would freeze folios for debits. The decision aims to simplify compliance and reduce costs. Other nomination provisions remain unchanged. Issued u/s 11(1) of SEBI Act, 1992, and Regulations 29A and 77 of SEBI (Mutual Funds) Regulations, 1996, to protect investor interests and regulate the securities market. Circular available on SEBI website. Signed by Peter Mardi, Deputy General Manager, Investment Management Department.

View Source

← Previous Next →

The circular exempts jointly held Mutual Fund folios from the ...

SEBI exempts jointly held Mutual Fund folios from mandatory nomination requirement to simplify compliance and reduce costs. Circular effective from April 30, 2024.

Circulars SEBI

May 22, 2024

You may also like:

SEBI issued a circular on June 10, 2024, regarding ease of investments. It allows existing investors to not submit 'Choice of Nomination' without freezing their Demat...

Guidelines for Large Value Fund for Accredited Investors under SEBI (Alternative Investment Funds) Regulations, 2012 and Requirement of Compliance Officer for Managers...

The Master Circular for Alternative Investment Funds (AIFs) issued by SEBI consolidates regulatory requirements for AIFs. It supersedes previous circulars and...

SEBI amended Alternative Investment Funds (AIF) Regulations to introduce a new Chapter III-D for "migrated venture capital funds" - funds previously registered as...

Filing of Advertisements under SEBI (Mutual Funds) Regulations, 1996

Amendment exempts University Funds and University related Endowments registered or eligible as Category I FPIs from additional disclosure requirements subject to...

The circular provides modalities for migration of Venture Capital Funds (VCFs) registered under erstwhile SEBI (Venture Capital Funds) Regulations, 1996 to SEBI...

The proposed amendments aim to further incentivize operations from International Financial Services Centres (IFSCs) by expanding the scope of specified funds eligible...

Exemption u/s 10(23FB) -Venture Capital Fund [VCF] - investments in Convertible Debenture application money - violation of SEBI (Venture Capital Fund) Regulations -...

This circular from SEBI provides revised guidelines for quarterly reporting requirements for Foreign Venture Capital Investors (FVCIs). Key points are: FVCIs must submit...

SEBI has issued a Master Circular dated August 04, 2023, revising guidelines for the Investor Protection Fund (IPF) and Investor Services Fund (ISF) for stock exchanges...

SEBI issued a circular to promote ease of doing business for mutual funds investing in commodities and overseas securities. The circular modifies clauses in the Master...

The definition of "Specified Mutual Fund" u/s 50AA is proposed to be amended to provide clarity regarding the proportion of investment in debt and money market...

The Collective Investment Scheme (CIS) operated through the Growpital platform prima facie violates provisions of the SEBI Act, CIS Regulations, and SEBI-PFUTP...

Offence under SEBI - reasonable grounds to believe - Any enquiry that may be required to be made under the SEBI Act, 1992, would be of a broader compass than that of an...

Quick Updates: