Regulatory Alerts2022-02-11
Added · Updated
Circular 3 of 2022 – Framework for Fixed Rate-Return Mutual Funds
Regulation 38(2)(r)(iv) of the Regulations and clause IV of Circular No. 11 of 2009 are declared inapplicable to Fixed Rate-Return Mutual Funds. The frequency of Net Asset Value (NAV) dissemination for these schemes is determined by their Constitutive Documents rather than standard regulatory mandates. This exemption applies to Asset Management Companies, Mutual Funds, and Trustees of Collective Investment Schemes.
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