HELP LINE +91 9883818627
HELP LINE +91 9883818627
SEBI Board Meeting announcements
✅Amendment to mutual fund rules requires AMCs to invest in NFOs based on risk level
✅ Current rule requires an investment of 1% of the amount raised in New Fund Offer (NFO) or an amount of Rs 50 lakh, whichever is less
✅New rule requires AMCs to invest more in their NFOs depending on risk level to ensure more skin-in-the-game
✅SEBI board clears proposal to amend the FPI rules to permit eligible Resident Indian Fund Managers (other than individuals) to be constituents of Foreign Portfolio Investors (FPIs)
✅Amends regulations for independent directors, criteria for InvITs and REITs
✅Increase penalties in case of insider trading
✅Allows banks other than scheduled commercial banks to act as investment bankers to provide easy access to investors to participate in public or rights issues by using various payment avenues
✅Credit Rating Agencies Regulations also amended to define a credit rating agency (CRA) in terms of rating of securities that are listed or proposed to be listed on a recognised stock exchange
Click to read more of the SEBI Board meeting decisions https://www.sebi.gov.in/media/press-releases/jun-2021/sebi-board-meeting_50771.html
