Regulatory Alerts2024-12-20
Upload of Draft Scheme Information Documents
The Securities and Exchange Board of India (SEBI) has reduced the mandatory public comment period for Draft Scheme Information Documents (SIDs) from 21 working days to 8 working days. This modification, effective immediately, allows Asset Management Companies to file final offer documents and launch schemes sooner after SEBI issues observations on the draft disclosures. The change streamlines the regulatory process while maintaining investor protection through public consultation on disclosure adequacy.
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