SEBI updates on mutual fund disclosures aimed at enhancing transparency, investor comprehension, and standardization across the industry
These changes, scheduled to take effect on December 5, 2024, address three main areas: expense and returns disclosure, a new color-coded risk-o-meter, and a standardized format for communicating risk level changes.
SEBI clarification on Investments in Overseas Mutual Funds/ Unit Trusts by Indian Mutual Funds
It is clarified that Indian Mutual Fund schemes may also invest in overseas MF/UTs that have exposure to Indian securities, provided that the total exposure to Indian securities by these overseas MF/UTs shall not be more than 25% of their assets.
Clarifications in relation to Investment Restrictions on Retail Schemes set up in IFSCs
In case of a retail scheme which is in the nature of a fund-of-funds scheme, the FME shall disclose in the offer document of such retail scheme, the details of the underlying scheme(s) wherein the investments are intended to be made and the nature of association, if any, that the FME has with the manager of the underlying scheme(s).
IFSCA Framework for Aircraft Lease
This framework shall apply to all applicants desirous of seeking registration for one or more of the permissible activities.
IFSCA comprehensive framework for entities aspiring to operate as Environmental, Social, and Governance Ratings and Data Products Providers
The IFSCA’s framework for ESG Ratings and Data Products Providers in the IFSC is a promising step toward fostering a transparent and regulated ecosystem for ESG services in India. By aligning with global standards and integrating local requirements, the IFSC aims to attract credible ESG data providers, further reinforcing India’s position as a sustainable finance hub.
Consultation Paper on Proposals for Ease of Doing Business by ESG Rating Providers
The comments/ suggestions should be submitted latest by November 15, 2024, through the online web-based form.
Consultation paper on review of provisions of LODR Regulations pertaining to corporate governance norms for High Value Debt Listed entities
The comments/ suggestions should be submitted through online mode latest by September 06, 2024.
SEBI Consultation paper on review of SEBI (Issue and Listing of Securitized Debt Instruments and Security Receipts) Regulations, 2008
The comments/ suggestions should be submitted through online mode latest by November 16, 2024.
Haryana Government Amends Monthly Pension Scheme for Media Persons
Government of Haryana Information, Public Relations & Languages Department on October 22nd 2024 issued a notification approving amendments to the monthly pension scheme for media persons
Complete Ban on Firecrackers in Delhi: DPCC Directive
Delhi Pollution Control Committee (DPCC) issued a significant directive to enforce a complete ban on the manufacturing, storage, sale, and bursting of all types of firecrackers in the National Capital Territory (NCT) of Delhi.
