Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
SEBI - Highlights / Catch Notes

Home Highlights December 2024 Year 2024 This

The Corporate Debt Market Development Fund (CDMDF) has been ...


Govt fund to buy corporate bonds in market stress to boost liquidity.

December 16, 2024

Circulars     SEBI

The Corporate Debt Market Development Fund (CDMDF) has been classified as a Category I Alternative Investment Fund under Regulation 3(4)(a) of the SEBI (Alternative Investment Funds) Regulations, 2012. CDMDF was set up under Chapter III-C to act as a backstop facility for purchasing investment grade corporate debt securities during market stress periods to enhance secondary market liquidity. Despite having a separate framework under Regulation 19, CDMDF falls under Category I AIF given its broader economic objective of developing the corporate bond market.

View Source

 


 

You may also like:

  1. SEBI has directed that valuation of Additional Tier 1 Bonds (AT-1 Bonds) by Mutual Funds shall be based on Yield to Call, aligning with NFRA's recommendation for...

  2. This circular introduces a Liquidity Window facility framework for investors in debt securities through the stock exchange mechanism. Key points: Issuers listing debt...

  3. The case deals with the applicability of Section 54EC of the Income Tax Act, which provides exemption from capital gains tax if the gains are invested in specified bonds...

  4. 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...

  5. This circular outlines SEBI's revised stress testing framework for determining the Minimum Required Corpus (MRC) of the Core Settlement Guarantee Fund (Core SGF) in the...

  6. Participation of Mutual Funds in Commodity Derivatives Market in India

  7. Issues related to Bond/Letter of Undertaking (LUT) for Export payment of Integrated Goods & Service Tax (IGST) - Delhi Govt prescribes procedure and manner for...

  8. Registration and regulatory framework for Online Bond Platform Providers (OBPPs) - the bond market offering tremendous scope for development, particularly in the...

  9. Corporate Debt Market Development Fund - Net set of regulations in respect of Alternative Investment Fund set up and making investments, notified - Securities and...

  10. Seeking removal of the materials lying in the Customs Bonded Warehouses without payment of Customs Duty - the assets lying in the Customs bonded warehouses cannot be...

  11. Sale of Electoral Bonds under the Electoral Bond Scheme, 2018 - Scheme allows the donors of political parties to maintain anonymity - Though the information furnished by...

  12. SEBI amended the Mutual Funds Regulations through notification dated February 14, 2025, effective April 1, 2025. Key modifications include mandatory investment of...

  13. Exemption u/s 54EC - REC Bonds - investment within six months from the date of transfer of the capital asset - assessee has demonstrated that non–investment in REC Bonds...

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

  15. Disallowance of excess interest paid - diversion of funds for non-business purposes - It is immaterial how the loan was treated by the Director - as far as the assessee...

 

Quick Updates:Latest Updates