Regulatory Alerts2025-12-05
Securities and Exchange Board of India (Collective Investment Scheme) Regulations, 1999
The Securities and Exchange Board of India issues these regulations to establish a comprehensive regulatory framework for the registration, operation, and oversight of Collective Investment Schemes. The rules mandate that only registered Collective Investment Management Companies may launch such schemes, subjecting them to strict obligations regarding trustee appointments, fund segregation, and investor disclosures. Furthermore, the document outlines inspection powers, audit requirements, and procedures for handling defaults or winding up existing schemes to ensure market integrity and investor protection.
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