Regulatory Alerts2023-05-19
Master Circular for Mutual Funds
The Securities and Exchange Board of India issued this Master Circular to consolidate all applicable regulatory requirements for the mutual fund industry as of March 31, 2023. It rescinds previous circulars while preserving the validity of actions taken under them and mandates periodic compliance reporting by regulated entities. The document establishes comprehensive guidelines covering offer documents, scheme categorization, risk management, governance, and valuation norms.
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