SEBI has issued a Consultation paper on modifying the requirement of uploading initial draft Scheme Information Documents (SIDs) on SEBI website. The objective of this consultation paper is to seek comments from the public on the proposal to reduce the number of days from 21 working days to 5 working days for which the draft Scheme Information Documents (SIDs) submitted by Asset Management Companies (AMCs) are to be made available on SEBI website.
Proposed Framework:
- Uploading of SID on SEBI website at the initial draft filing stage may be done away with. Instead SIDs on which SEBI observations have been issued may be uploaded on the website;
- The said SIDs may be made available on SEBI website for at least 5 working days prior to launch of the scheme for public comments;
- On closure of the above mentioned period, AMC may file final offer documents (final SID and final KIM) which shall be at least two working days prior to the launch of the scheme.
Public comments are invited latest by November 20, 2024.
